Kalshi is the first CFTC-regulated exchange in the U.S. dedicated to event contracts, allowing users to trade yes/no positions on the outcomes of future events such as economic indicators, politics, sports, and weather. Founded by MIT graduates Tarek Mansour and Luana Lopes Lara, it serves as a prediction market platform for hedging risks and speculating on real-world events, with partnerships including Robinhood and Coinbase.