Site iconSite icon ForkLog

Grok Joins Forces with Prediction Market Kalshi

Grok Joins Forces with Prediction Market Kalshi

Elon Musk’s AI startup xAI has integrated the chatbot Grok with Kalshi, an American platform for betting on the outcomes of real-world events.

This integration allows traders to receive real-time AI analysis on various bets, ranging from future Fed rates to the outcomes of the Oscars.

The partnership is effective immediately, the companies announced on social media platform X.

Kalshi users can request blockchain data, historical quotes, and the latest news from Grok before making a deal. xAI gains the ability to test its model’s logic and probabilistic forecasts in real time.

Kalshi is the only event betting platform in the US approved and regulated by the Commodity Futures Trading Commission (CFTC). Its operation principle is as follows:

  1. A user buys a contract for an amount between $0.01 and $0.99.  
  2. If the event occurs, they receive $1 for each contract.  
  3. If not, they receive nothing.

The lower the contract price, the lower the market participants assess the probability of the event. However, the potential profit increases.

The platform accepts cryptocurrencies, but all settlements are conducted in US dollars. It was founded in 2018 by MIT graduates Tarek Mansour and Luana Lopes Lara. In 2024, the platform processed $1.4 billion in trading volume for “political” contracts in 11 days.

In June 2025, Kalshi closed a Series B funding round of $185 million led by Paradigm, valuing the company at $2 billion.

Meanwhile, Kalshi’s competitor, the platform Polymarket, has planned to enter the US market by acquiring the licensed CFTC derivatives exchange QCEX for $112 million.

Exit mobile version