This story was originally published on HackerNoon at: https://hackernoon.com/how-kalshi-fabricated-an-xai-partnership-that-never-existed.
Kalshi falsely claimed a partnership with Elon Musk’s xAI, prompting denials, a Bloomberg retraction, & major trust concerns for the prediction market platform.
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Kalshi falsely announced a partnership with Elon Musk’s xAI, leading to public denials by X and xAI, a Bloomberg retraction, and major credibility fallout. The incident raises concerns over Kalshi’s corporate practices amid heightened regulatory scrutiny and damages trust in its prediction market operations.