Kalshi appoint John Wang as crypto division head

Prediction market platform Kalshi don appoint digital asset influencer John Wang as head of its cryptocurrency division. The 23-year-old college dropout get experience from Paradigm, Immutable and co-founding Armor Labs. CEO Tarek Mansour talk say this hire na “bet on slope,” e praise Wang’s strategic mindset, ambition and work ethic. This move come as regulatory scrutiny dey increase: CFTC bin file then withdraw enforcement action against Kalshi, and now dem dey consider new chairman nomination. This appointment follow Kalshi’s surge for election markets and dem want expand crypto offerings after dem launch Bitcoin (BTC) deposits in April. The company also close $185 million funding round at $2 billion valuation in June to attract crypto-native traders and speed up product development.