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Prediction market Kalshi eyes CME and ICE territory with inflation futures

Prediction market firm Kalshi is expanding into traditional financial exchange territory by launching futures products whose value moves with inflation, Bloomberg News reported on Oct. 23. Kalshi plans to introduce listed futures contracts in December that track the consumer price index and core CPI, an inflation gauge that excludes food and energy prices. Bloomberg said Kalshi is pitching the products to large banks and hedge funds.