Kalshi invests in Housing Works & in NYC
Article excerpt
Tarek grew up in Lebanon, where uncertainty was part of everyday life. He was raised by a single mom who did everything in her power to shield her family from the volatility. Instability affected people both materially and psychologically, and events outside their control often determined their life choices. It’s hard to plan for your future when you’re worried about whether you can count on the basics. That experience is part of why he started Kalshi: to give people a way to manage the risks of events outside their control in a world that is becoming more unpredictable, not less. Tarek and his co-founder, Luana Lopes Lara, chose to build Kalshi in New York. For a financial exchange, it was a natural home, with so much of the industry’s history here, along with the people and institutions shaping its future. The city has helped build Kalshi, and their connection to it has deepened along the way. Their first office was in SoHo, right next to the Housing Works Bookstore Cafe. Over the years, they watched the bookstore grow into a welcoming community space and beloved New York institution and learned that it funds vital services to uplift low-income New Yorkers. More than 500,000 New Yorkers don’t have health insurance, and that number will grow over the next 18 months. These are the people who keep our city running: house cleaners and caregivers, construction workers...
Keep reading with a free account
The rest of this article, and every signal for Kalshi, is in your free account.
Extracted from this sentence
That’s why we are announcing a $3 million, multi-year partnership, the largest gift Housing Works has received from a single donor in its history.
