Rizwan Ali

Hyperliquid

There is a risk of a major hantavirus outbreak Dozens of potentially infected passengers from the cruise ship Hondius had already disembarked and scattered around the world before the deadly outbreak was discovered on board. Health authorities across four continents are now racing to track and monitor passengers who left the hantavirus-stricken ship before the outbreak was detected. They are also trying to locate others who may have come into contact with them. The WHO has only managed to locate some of these passengers more than two weeks after they disembarked. In that time, they could have interacted with thousands of people. The map shows the countries where passengers from the affected cruise ship traveled before the deadly hantavirus outbreak was discovered.

We are launching a research arm! DLResearch is gonna be transforming into DefiLlama Research

Kalshi raised $1B at a $22B valuation led by Coatue, with participation from Morgan Stanley, Sequoia, a16z, and others. In 2018, we were two kids who loved math, markets, and debate. And we had a dream: build the next generation financial market, where we capture a broader set of questions and harness the power of the masses to price them better than Wall Street. Kalshi was born to fulfill that dream. Today, most of these questions are traded indirectly, priced through imprecise proxies or negotiated bilaterally in opaque, restricted, relationship-driven markets. But thanks to our incredible community of users who make our markets work, Kalshi has the opportunity to change that by turning historically fragmented and untradeable risk into open, liquid, and standardized markets. We’ve seen this movie before. When interest rates, currencies, commodities, and crypto moved from dark to lit markets, volume did not just migrate: access expanded, new use cases emerged, and the opportunity grew by orders of magnitude. Today, Kalshi represents over 90% of US prediction market volume and the majority of activity globally, with annualized volume growing to $178B over the past 6 months. What started as retail is quickly becoming institutional — hedge funds, asset managers, prop firms, and insurers are beginning to trade, provide liquidity, and hedge real-world risk directly. The scope and scale of prediction markets are just beginning to take shape. We’re using this new capital to accelerate the institutional adoption underway — unlocking trillions in capital to facilitate active trading and risk management. Prediction markets are moving from early adoption to core financial infrastructure. This is just the beginning.

WHO IS HIRING? Many talented friends have been laid off recently. I want to help them.