Kalshi Wants Traders to Bet on How Hard It Is to Get Into Harvard
By Damian Chmiel
AI summary of the source article
Kalshi has self-certified contracts with the CFTC to trade on admission rates at 22 selective US colleges. Payouts will settle based on each institution's official Common Data Set report.
Key facts
- Kalshi self-certified contracts on admission rates for 22 colleges with the CFTC on October 19 and 20.
- Each contract has a $1 notional value, a one-cent tick, and settles strictly on Item C1 of the school's Common Data Set.
- University admissions staff, application readers, related vendors, and their families are barred from trading the contracts.
Source excerpt · Finance Magnates
Kalshi has filed to list contracts on admission rates at 22 selective US colleges, including all eight Ivy League schools. It self-certified them with the Commodity Futures Trading Commission (CFTC) on October 19 and 20, filings show. Each contract settles on one line of the school's Common Data Set, a standardized report published after admission decisions are out. Admissions offices therefore kn…