Key facts
- Andy Ross, Kalshi's head of institutional business, called the report's claims "sensationalist and unhelpful".
- Research firm Coalition published the October report finding the products ambiguous for investors.
- Kalshi operates as a US platform for prediction markets and perpetual futures.
Kalshi defended its perpetual futures products after a research firm questioned how clearly the contracts are defined for investors and how far they sit inside regulatory boundaries.
Andy Ross, head of institutional business at the US platform for prediction markets and perpetual futures, said the claims were "sensationalist and unhelpful". His remarks, reported on November 9, responded to an October report from research firm Coalition.
The report found the products ambiguous for investors and said their regulatory boundaries were unclear. Kalshi's response disputes that characterization but the account gives no detail of the specific findings or of any regulatory position taken on the contracts.