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Silicon Valley’s Wall Street Bets & the Phoenix Suns Sweepstakes

Laurene Powell Jobs
Laurene Powell Jobs attends the NBA London Game in 2019. Photo: Glyn Kirk/AFP
Theodore Schleifer
September 27, 2022

On Kalshi, a slickly-designed, legally ambitious trading platform, you can wager on whether Hurricane Ian, currently wending its way through the Gulf of Mexico, will become a Category 5 monster, and whether it will be Miami or Orlando that takes the pounding. You can bet on the water level at drought-stricken Lake Mead, on whether monkeypox will become a pandemic, or on whether NASA will return to the moon by 2025. So, asks a group of Silicon Valley super-personas, why is it that you can’t bet on whether Republicans retake the Senate?