Kalshi announced the launch of Kalshi Research, with its first research report claiming that its inflation forecasts outperform Wall Street.

Mars Finance reported on December 23 that prediction market Kalshi announced the launch of Kalshi Research. Kalshi Research will open up Kalshi's internal data to researchers for their studies on prediction market-related topics. The first research report has been released: Kalshi outperforms Wall Street consensus expectations in inflation forecasting. As previously reported, the report indicated that Kalshi, by comparing inflation forecasts on its platform with Wall Street consensus expectations, found that market-based traders achieved higher accuracy than traditional economists and analysts over a 25-month observation period, an advantage particularly pronounced during periods of economic volatility. Specifically, the research found that from February 2023 to mid-2025, the average error of prediction market estimates of year-on-year changes in the Consumer Price Index (CPI) was 40% lower than the consensus forecast. When actual data deviates significantly from expectations, the advantage of prediction markets becomes even more pronounced, with accuracy exceeding consensus expectations by up to 67%.