In a surprising turn of events, the predictive markets platform Kalshi announced an alleged collaboration with Elon Musk's xAI that never existed
The news generated immediate reactions with public denials from both X and xAI, and forced Bloomberg to issue an official retraction, which caused a serious loss of credibility for Kalshi
This incident calls into question Kalshi's corporate practices in a context of growing regulatory scrutiny and damages trust in its predictive market operations
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