{"id":747187,"date":"2026-03-17T02:55:53","date_gmt":"2026-03-16T18:55:53","guid":{"rendered":"https:\/\/www.alphaseek.cn\/?p=747187"},"modified":"2026-03-17T02:55:53","modified_gmt":"2026-03-16T18:55:53","slug":"%e6%8b%86%e8%a7%a32-03%e4%ba%bf%e7%ac%94%e4%ba%a4%e6%98%93%e5%90%8e%ef%bc%8c%e6%88%91%e4%bb%ac%e5%8f%91%e7%8e%b0%e4%ba%86kalshi%e7%9a%84%e6%9a%b4%e5%88%a9%e7%9c%9f%e7%9b%b8","status":"publish","type":"post","link":"https:\/\/www.alphaseek.cn\/?p=747187","title":{"rendered":"\u62c6\u89e32.03\u4ebf\u7b14\u4ea4\u6613\u540e\uff0c\u6211\u4eec\u53d1\u73b0\u4e86Kalshi\u7684\u66b4\u5229\u771f\u76f8"},"content":{"rendered":"<p>\u4f5c\u8005\uff1aSam Schneider<\/p>\n<p>\u539f\u6807\u9898\uff1aWhat&#39;s <a href=\"https:\/\/www.bitpush.news\/articles\/tag\/kalshi\" title=\"\u67e5\u770bKalshi\u4e2d\u7684\u5168\u90e8\u6587\u7ae0\" target=\"_blank\" rel=\"noopener\">Kalshi<\/a>&#39;s revenue?<\/p>\n<p>\u7f16\u8bd1\u53ca\u6574\u7406\uff1aBitpushNews<\/p>\n<hr\/>\n<p>\u5047\u8bbe\u73b0\u5728\u662f 2005 \u5e74\uff0c\u4f60\u521b\u7acb\u4e86\u4e00\u5bb6\u540d\u4e3a&quot; Meth Labs, Inc.&quot;\u7684\u516c\u53f8\u3002\u4f60\u5f00\u59cb\u62db\u63fd\u5ba2\u6237\uff0c\u83b7\u5f97<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e9%a3%8e%e9%99%a9%e6%8a%95%e8%b5%84\" title=\"View all posts in \u98ce\u9669\u6295\u8d44\" target=\"_blank\" class=\"tag_link\">\u98ce\u9669\u6295\u8d44<\/a>\uff0c\u4e0d\u77e5\u4e0d\u89c9\u95f4\uff0c\u516c\u53f8\u5df2\u5728\u7ebd\u4ea4\u6240<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e4%b8%8a%e5%b8%82\" title=\"View all posts in \u4e0a\u5e02\" target=\"_blank\" class=\"tag_link\">\u4e0a\u5e02<\/a>\uff0c\u80a1\u7968\u4ee3\u7801\u4e3a$METH\u3002\u4eba\u4eec\u53ef\u4ee5\u4e70\u5165\u3001\u5356\u51fa\u4f60\u7684\u80a1\u7968\uff0c\u751a\u81f3\u53ef\u4ee5\u6784\u5efa\u94c1\u9e70\u5f0f\u671f\u6743<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%ad%96%e7%95%a5\" title=\"View all posts in \u7b56\u7565\" target=\"_blank\" class=\"tag_link\">\u7b56\u7565<\/a>\u3002\u7ebd\u4ea4\u6240\u63d0\u4f9b\u4e86\u4e00\u4e2a\u96c6\u4e2d\u5e02\u573a\uff0c\u4e70\u5356\u53cc\u65b9\u5728\u8fd9\u91cc\u4ea4\u6613\uff0c\u4ef7\u683c\u968f\u7740\u4fe1\u606f\u7684\u62ab\u9732\u800c\u5b9e\u65f6\u8c03\u6574\u3002<\/p>\n<p>\u521a\u521a\u6211\u63d0\u5230\u4e86\u7ebd\u4ea4\u6240\uff0c\u4f46\u4e16\u754c\u4e0a\u8fd8\u6709\u8bb8\u591a\u80a1\u7968\u4ea4\u6613\u6240\uff08\u5982\u7eb3\u65af\u8fbe\u514b\u3001\u4f26\u4ea4\u6240\u3001\u4e0a\u4ea4\u6240\u7b49\uff09\uff0c\u5b83\u4eec\u90fd\u4e3a\u8bc1\u5238\u7684\u4e70\u5356\u63d0\u4f9b\u4fbf\u5229\u3002\u4e8b\u5b9e\u4e0a\uff0c\u5e02\u573a\u5bf9\u793e\u4f1a\u5982\u6b64\u91cd\u8981\uff0c\u5373\u4f7f\u4f60\u4e0d\u662f\u4e00\u4e2a\u70ed\u8877\u7684\u65e5\u5185\u4ea4\u6613\u8005\uff0c\u4f60\u4e5f\u5728\u4e0d\u65ad\u5730\u4e0e\u5b83\u4eec\u4e92\u52a8\u2026\u2026<a href=\"https:\/\/www.alphaseek.cn\/?tag=uber\" title=\"View all posts in Uber\" target=\"_blank\" class=\"tag_link\">Uber<\/a>\u8fde\u63a5\u4e86\u9189\u9152\u8005\u548c\u53f8\u673a\uff0c\u8138\u4e66\u5e02\u573a\u5c06\u4eba\u4eec\u4e0e\u4e8c\u624b\u5bb6\u5177\u8054\u7cfb\u8d77\u6765\uff0c\u800c\u4f60\u7236\u4eb2\u6b63\u8bd5\u56fe\u6258\u5173\u7cfb\u7ed9\u4f60\u627e\u5de5\u4f5c&#8230;<\/p>\n<p>\u5047\u8bbe\u4f60\u60f3\u9000\u4f11\uff0c\u51fa\u552e\u4f60\u6301\u6709\u7684$METH\u80a1\u7968\uff0c\u53bb\u6295\u8eab\u5176\u4ed6\u6148\u5584\u4e8b\u4e1a\u3002\u8c01\u4f1a\u4e70\u8fd9\u4e9b\u80a1\u7968\uff1f\u5b83\u4eec\u53c8\u8be5\u5356\u4ec0\u4e48\u4ef7\u5462\uff1f<\/p>\n<ul>\n<li>\n<p>\u5e02\u573a\u5b9a\u4e49\u4e86\u4eba\u4eec\u613f\u610f\u4e70\u5356\u4e8b\u7269\u7684\u4ef7\u683c\uff08\u4ef7\u683c\u53d1\u73b0\uff09\u3002<\/p>\n<\/li>\n<li>\n<p>\u5e02\u573a\u4e3a\u4eba\u4eec\u4ea4\u6613\u8d44\u4ea7\u63d0\u4f9b\u4e86\u4e00\u4e2a\u5e73\u53f0\uff0c\u56e0\u4e3a\u4f60\u9886\u5c45\u4e2d\u53ef\u80fd\u6ca1\u4eba\u60f3\u4e70\u4f60\u7684$METH\uff08\u6d41\u52a8\u6027\uff09\u3002<\/p>\n<\/li>\n<li>\n<p>\u4f46\u5982\u679c\u8fd9\u4e9b\u5e02\u573a\u663e\u793a\u7684\u4e0d\u662f\u6bcf\u80a1\u4ef7\u683c\uff0c\u800c\u662f\u67d0\u4e2a\u79bb\u6563\u4e8b\u4ef6\u53d1\u751f\u7684\u6982\u7387\u5462\uff1f\u8fd9\u4e9b\u5c31\u88ab\u79f0\u4e3a<a href=\"https:\/\/www.bitpush.news\/articles\/tag\/%e9%a2%84%e6%b5%8b%e5%b8%82%e5%9c%ba\" title=\"\u67e5\u770b\u9884\u6d4b\u5e02\u573a\u4e2d\u7684\u5168\u90e8\u6587\u7ae0\" target=\"_blank\" rel=\"noopener\">\u9884\u6d4b\u5e02\u573a<\/a>\uff08Prediction Markets\uff09\u3002<\/p>\n<\/li>\n<\/ul>\n<p>\u65e0\u8bba\u662f\u901a\u8fc7\u5c0f\u573a\u5408\u7684\u624b\u5199\u7eb8\u7b14\uff0c\u8fd8\u662f\u901a\u8fc7\u50cf Kalshi \u548c Polymarket \u8fd9\u6837\u4e2d\u5fc3\u5316\u3001\u89c4\u6a21\u5316\u4e14\u8d44\u91d1\u96c4\u539a\u7684\u516c\u53f8\uff0c\u9884\u6d4b\u5e02\u573a\u90fd\u4e0e\u80a1\u7968\u4ea4\u6613\u6709\u6240\u4e0d\u540c\uff1a<\/p>\n<ul>\n<li>\n<p>\u5b83\u4eec\u662f\u4e8c\u5143\u7684\u3002\u4e8b\u60c5\u8981\u4e48\u53d1\u751f\uff0c\u8981\u4e48\u4e0d\u53d1\u751f\u3002<\/p>\n<\/li>\n<li>\n<p>\u4e00\u65e6\u7279\u5b9a\u4e8b\u4ef6\u53d1\u751f\u3001\u8fbe\u6210\u7ed3\u679c\u6216\u65f6\u95f4\u5230\u671f\uff0c\u5b83\u4eec\u5c31\u4f1a\u7ed3\u7b97\u3002<\/p>\n<\/li>\n<\/ul>\n<p>\u4f60\u4e0d\u80fd\u901a\u8fc7\u9884\u6d4b\u5e02\u573a\u8d2d\u4e70 $METH \u7684\u80a1\u7968\uff0c\u4f46\u4f60\u53ef\u4ee5\u6253\u8d4c $METH \u5728 1 \u6708 6 \u65e5\u7684\u4ea4\u6613\u4ef7\u683c\u4f1a\u843d\u5728 122 \u7f8e\u5143\u5230 124 \u7f8e\u5143\u4e4b\u95f4\u3002<\/p>\n<p>\u672c\u6587\uff0c\u6211\u4eec\u5c06\u9010\u5e27\u5ba1\u89c6\u6d41\u7ecf\u8fd9\u4e9b\u5e02\u573a\u7684\u6570\u5341\u4ebf\u7f8e\u5143\u8d44\u91d1\uff0c\u770b\u770b FTX \u7684\u201c\u9057\u4ea7\u201d\u5982\u4f55\u5ef6\u7eed\uff0c\u4f53\u80b2\u535a\u5f69\u5360\u636e\u4e86\u591a\u5927\u6bd4\u4f8b\uff0c\u5e76\u4e86\u89e3 Kalshi \u5230\u5e95\u8d5a\u4e86\u591a\u5c11\u94b1\u3002<\/p>\n<h2>\u5386\u53f2\/\u5165\u95e8<\/h2>\n<p>Kalshi \u548c Polymarket \u5206\u522b\u4e8e 2018 \u5e74\u548c 2020 \u5e74\u63a8\u51fa\u3002\u867d\u7136\u8fd9\u4e24\u5bb6\u6784\u6210\u4e86\u76ee\u524d\u7684\u53cc\u5934\u5784\u65ad\uff0c\u4f46\u9884\u6d4b\u5e02\u573a\u7684\u8d77\u6e90\u8981\u8ffd\u6eaf\u5230\u66f4\u4e45\u4ee5\u524d\u3002\u5176\u4e2d\u4e00\u4e2a\u5143\u8001\u662f\u7231\u8377\u534e\u7535\u5b50\u5e02\u573a\uff08IEM\uff09\uff0c\u81ea 1988 \u5e74\u4ee5\u6765\u4e00\u76f4\u5728\u4e3e\u529e\u9884\u6d4b\u5e02\u573a\u3002<\/p>\n<p>\u5bf9\u4e00\u4e2a\u4eba\u7684\u201c\u4fe1\u5ff5\u201d\u4e0b\u6ce8\u53ef\u80fd\u4f1a\u8ba9\u4eba\u9677\u5165\u9ebb\u70e6\uff0c\u4f46\u7fa4\u4f53\u667a\u6167\u4ecd\u7136\u662f\u4e00\u79cd\u5b9d\u8d35\u7684\u9884\u6d4b\u529b\u91cf\u3002\u53c2\u8003 Wolfer \u548c Zitzewitz \u5728<a href=\"https:\/\/jmvidal.cse.sc.edu\/library\/wolfers04a.pdf?ref=blog.gensyn.ai\" target=\"_self\" rel=\"noopener\"> 2004 \u5e74\u53d1\u8868\u7684\u4e00\u7bc7\u8bba\u6587<\/a>\uff1a<\/p>\n<blockquote>\n<p>\u201c\u8fd9\u4e9b\u5e02\u573a\u9884\u6d4b\u6c11\u4e3b\u515a\u548c\u5171\u548c\u515a\u5019\u9009\u4eba\u5f97\u7968\u7387\u7684\u5e73\u5747\u7edd\u5bf9\u8bef\u5dee\u7ea6\u4e3a 1.5 \u4e2a\u767e\u5206\u70b9\u2026\u2026\u800c\u6700\u7ec8\u7684\u76d6\u6d1b\u666e\u6c11\u8c03\u4ea7\u751f\u7684\u9884\u6d4b\u8bef\u5dee\u4e3a 2.1 \u4e2a\u767e\u5206\u70b9\u3002\u201d<\/p>\n<\/blockquote>\n<p>\u7136\u800c\u2026\u2026\u8fd9\u4e48\u591a\u5e74\u6765\uff0c\u4e00\u76f4\u7f3a\u5c11\u4e86\u4e00\u4e9b\u4e1c\u897f\u2026\u2026\u963b\u788d\u4e86\u6211\u4eec\u6536\u96c6\u9884\u6d4b\u3001\u5efa\u7acb\u5e02\u573a\u3001\u63a8\u5e7f\u81f3\u6570\u767e\u4e07\u4eba\u5e76\u5229\u7528\u5b83\u4eec\u8c0b\u53d6\u4e2a\u4eba\u5229\u76ca\u3002\u90a3\u4e2a\u7f3a\u5931\u7684\u90e8\u5206\u5c31\u662f\u8d44\u91d1\u96c4\u539a\u7684\u52a0\u5bc6\u7f51\u7edc\u5e94\u7528\uff0c\u5b83\u4eec\u4e3a\u4f60\u63d0\u4f9b\u514d\u8d39\u7269\u8d44\uff0c\u8ba9\u4f60\u6709\u80fd\u529b\u62bc\u6ce8\u4e0b\u4e00\u4efb\u6559\u7687\u662f\u4e0d\u662f\u8de8\u6027\u522b\u8005\u3002\u6b63\u5982\u54c8\u8036\u514b\u5728<a href=\"https:\/\/statisticaleconomics.org\/wp-content\/uploads\/2013\/03\/the_use_of_knowledge_in_society_-_hayek.pdf\" target=\"_self\" rel=\"noopener\">\u64b0\u5199\u300a\u77e5\u8bc6\u5728\u793e\u4f1a\u4e2d\u7684\u5229\u7528\u300b\uff08The Use of Knowledge in Society\uff09\u65f6<\/a>\u6240\u671f\u671b\u7684\u90a3\u6837\u3002<\/p>\n<p>\u6211\u4eec\u5c06\u8be6\u7ec6\u63a2\u8ba8 Kalshi\uff0c\u4f46\u8be5\u9886\u57df\u8fd8\u6709\u5176\u4ed6\u9879\u76ee\/\u534f\u8bae\u3002<\/p>\n<h2>\u8fd9\u4e00\u5207\u662f\u5982\u4f55\u8fd0\u4f5c\u7684\uff1f<\/h2>\n<p>\u9884\u6d4b\u5e02\u573a\u6269\u5927\u4e86\u4eba\u7c7b\u8d4c\u535a\u7684\u8868\u9762\u79ef\u3002\u5c31\u6211\u4e2a\u4eba\u800c\u8a00\uff0c\u6211\u53ef\u80fd\u4f1a\u62bc 10 \u7f8e\u5143\u8d4c\u6211\u80fd\u5728\u5348\u591c\u524d\u559d\u5b8c 10 \u74f6\u5564\u9152\uff0c\u800c\u6211\u8001\u5a46\u53ef\u80fd\u4e0d\u4fe1\u3002\u5728\u8fd9\u4e00\u8fb9\uff0c\u6211\u8bf4\u201c\u662f\u7684\uff0c\u6211\u80fd\u559d\u5b8c\u5341\u74f6\u201d\uff0c\u800cTA\u5219\u8bf4\u201c\u4e0d\uff0c\u4f60\u559d\u4e0d\u5b8c\u201d\u3002\u628a\u201c\u6211\u201d\u6362\u6210\u52d2\u5e03\u6717\u00b7\u8a79\u59c6\u65af\uff0c\u201c\u5564\u9152\u201d\u6362\u6210\u5f97\u5206\uff0c\u201c\u5348\u591c\u524d\u201d\u6362\u6210\u6bd4\u8d5b\u7ed3\u675f\uff0c\u4f60\u5c31\u62e5\u6709\u4e86\u4e00\u4e2a\u53ef\u4ee5\u5728 Kalshi \u4e0a\u4ea4\u6613\u7684\u771f\u5b9e\u5e02\u573a\u3002<\/p>\n<p>\u5728 Kalshi\uff0c\u5e02\u573a\uff08Market\uff09\u6307\u7684\u662f\u7ed3\u7b97\u4e3a\u201c\u662f\u201d\u6216\u201c\u5426\u201d\u7684\u5355\u4e2a\u4e8c\u5143\u5e02\u573a\u3002\u4e8b\u4ef6\uff08Event\uff09\u662f\u6b64\u7c7b\u5e02\u573a\u7684\u96c6\u5408\uff0c\u800c\u7cfb\u5217\uff08Series\uff09\u5219\u5c06\u7c7b\u4f3c\u4f46\u72ec\u7acb\u7684\u4e8b\u4ef6\u5206\u7ec4\u3002\u4f8b\u5982\uff1a<\/p>\n<ul>\n<li>\n<p>\u8fc8\u963f\u5bc6\u7684\u6700\u9ad8\u6c14\u6e29\u662f\u4e00\u4e2a\u7cfb\u5217\u3002<\/p>\n<\/li>\n<li>\n<p>\u8be5\u7cfb\u5217\u4e2d\u7684\u6bcf\u4e00\u5929\u90fd\u662f\u4e00\u4e2a\u4e8b\u4ef6\u3002<\/p>\n<\/li>\n<li>\n<p>\u6bcf\u4e2a\u4e8b\u4ef6\u5305\u542b\u5173\u4e8e\u6e29\u5ea6\u7684\u5e02\u573a\uff1a[68\u00b0 \u5230 69\u00b0] \u6216 [69\u00b0 \u5230 70\u00b0]\u3002<\/p>\n<\/li>\n<li>\n<p>\u6bcf\u4e2a\u5e02\u573a\u5305\u542b\u4e00\u4e2a\u201c\u662f\u201d\u548c\u4e00\u4e2a\u201c\u5426\u201d\uff0c\u5e76\u4f34\u6709\u76f8\u5173\u7684\u8ba2\u5355\u7c3f\u3002<\/p>\n<\/li>\n<\/ul>\n<p>\u4f60\u95ee\u4ec0\u4e48\u662f\u8ba2\u5355\u7c3f\uff1f\u8ba9\u6211\u4eec\u5148\u5f04\u6e05\u695a\u4e00\u4e9b\u672f\u8bed\u2026\u2026<\/p>\n<p>Kalshi \u4e0a\u7684\u6bcf\u4e00\u7b14\u4ea4\u6613\u90fd\u662f\u6302\u5355\u8005\uff08Maker\uff09\u548c\u5403\u5355\u8005\uff08Taker\uff09\u4e4b\u95f4\u7684\u5339\u914d\u3002\u5c31\u50cf\u5728\u6211\u4eec\u90a3\u4e2a\u80af\u5b9a\u4ece\u672a\u53d1\u751f\u8fc7\u7684\u201c\u865a\u6784\u201d\u573a\u666f\u4e2d\u4e00\u6837\uff0c\u6302\u5355\u8005\/\u5403\u5355\u8005\u662f\u4e0e\u53e6\u4e00\u4e2a\u4eba\u4ea4\u6613\uff0c\u800c\u4e0d\u662f\u4e0e\u5e73\u53f0\u672c\u8eab\u3002\u4f60\u4e70\u7684\u4e0d\u662f\u80a1\u7968\uff0c\u800c\u662f\u4e00\u4efd\u5951\u7ea6\uff1a\u5982\u679c\u4f60\u5bf9\u4e86\uff0c\u5b83\u7ed3\u7b97\u4e3a 1 \u7f8e\u5143\uff1b\u5982\u679c\u4f60\u9519\u4e86\uff0c\u5b83\u7ed3\u7b97\u4e3a 0 \u7f8e\u5143\u3002<\/p>\n<p><img src=\"https:\/\/images.bitpush.news\/cn\/20260317\/177368634491559594.png\" title=\"1773684784225054.png\" alt=\"\u62c6\u89e32.03\u4ebf\u7b14\u4ea4\u6613\u540e\uff0c\u6211\u4eec\u53d1\u73b0\u4e86Kalshi\u7684\u66b4\u5229\u771f\u76f8\" style=\"display:block; margin-left:auto; margin-right:auto;\"\/><\/p>\n<p>\u4f5c\u4e3a\u5bf9\u4ef7\u683c\u654f\u611f\u7684\u7406\u6027\u884c\u4e3a\u8005\uff0c\u6211\u613f\u610f\u51fa 10 \u7f8e\u5143\u8d62 20 \u7f8e\u5143\uff0c\u6211\u8001\u5a46\u4e5f\u662f\u3002\u7531\u4e8e\u8fd9\u4e9b\u8d4c\u6ce8\u5df2\u5c31\u7eea\uff0c\u8be5\u4e8b\u4ef6\u7684\u9690\u542b\u6982\u7387\u4e3a 50%\uff0810\/20\uff09\u3002\u7528\u201c\u4e8b\u4ef6\u5408\u7ea6\u201d\u7684\u672f\u8bed\u6765\u8bf4\uff1a<\/p>\n<ul>\n<li>\n<p>\u6211\u4eec\u5c06\u5176\u62c6\u5206\u4e3a 20 \u4efd\u9762\u503c 1 \u7f8e\u5143\u7684\u5408\u7ea6\u3002<\/p>\n<\/li>\n<li>\n<p>\u6bcf\u4efd\u5408\u7ea6\u90fd\u662f\u4e00\u4e2a\u534f\u8bae\uff0c\u6211\u4eec\u53cc\u65b9\u90fd\u9501\u5b9a 0.50 \u7f8e\u5143\u3002<\/p>\n<\/li>\n<li>\n<p>\u7ed3\u7b97\u65f6\uff0c\u8d62\u5bb6\u53ef\u4ee5\u4fdd\u7559\u5bf9\u65b9\u7684 0.50 \u7f8e\u5143\u3002<\/p>\n<\/li>\n<\/ul>\n<p>\u968f\u7740\u4ea4\u6613\u5347\u6e29\uff0c\u4f7f\u7528\u8ba2\u5355\u7c3f\uff08Order Book\uff09\u8ddf\u8e2a\u6d3b\u52a8\u4f1a\u53d8\u5f97\u5f88\u6709\u5e2e\u52a9\u3002<\/p>\n<p><img src=\"https:\/\/images.bitpush.news\/cn\/20260317\/177368634448352985.png\" title=\"1773684823475398.png\" alt=\"\u62c6\u89e32.03\u4ebf\u7b14\u4ea4\u6613\u540e\uff0c\u6211\u4eec\u53d1\u73b0\u4e86Kalshi\u7684\u66b4\u5229\u771f\u76f8\" style=\"display:block; margin-left:auto; margin-right:auto;\"\/><\/p>\n<p>\u663e\u793a\u8ba2\u5355\u7c3f\u7684\u65b9\u6cd5\u6709\u5f88\u591a\u79cd\u3002\u5b83\u4eec\u901a\u5e38\u663e\u793a\u6302\u5355\uff08resting orders\uff09\u3001\u662f\u4e70\u5165\u8fd8\u662f\u5356\u51fa\u3001\u4e70\u5356\u6570\u91cf\u4ee5\u53ca\u4e0b\u5355\u65f6\u95f4\u3002<\/p>\n<p>\u4e70\u4ef7\uff08Bids\uff09\u5305\u542b\u6240\u6709\u5bfb\u6c42\u4e70\u5165\u7684\u4eba\uff0c\u5356\u4ef7\uff08Asks\uff09\u5305\u542b\u6240\u6709\u5bfb\u6c42\u5356\u51fa\u7684\u4eba\u3002\u5728\u4e0a\u9762\u7684\u4f8b\u5b50\u4e2d\uff0c\u4e70\u4ef7\u548c\u5356\u4ef7\u5df2\u6309\u4ece\u4f18\u5230\u52a3\u7684\u4ef7\u683c\u6392\u5e8f\u3002\u6700\u9ad8\u4e70\u4ef7\uff08Best Bid\uff09\u4e0e\u6700\u4f4e\u5356\u4ef7\uff08Best Ask\uff09\u4e4b\u95f4\u7684\u5dee\u8ddd\u88ab\u79f0\u4e3a\u4ef7\u5dee\uff08Spread\uff09\u3002<\/p>\n<p>\u5728\u4e00\u4e2a\u6d41\u52a8\u6027\u5f3a\u7684\u5e02\u573a\uff08\u5982\u8d85\u7ea7\u7897\uff09\u4e2d\uff0c\u4ef7\u5dee\u53ef\u80fd\u6781\u5c0f\uff08\u4e5f\u8bb8\u53ea\u6709 1 \u7f8e\u5206\uff09\u3002\u5728\u4e0d\u6d3b\u8dc3\u7684\u5e02\u573a\u4e2d\uff0c\u4ef7\u5dee\u53ef\u80fd\u5de8\u5927\uff0c\u56e0\u4e3a\u6ca1\u4eba\u5173\u5fc3\u5230\u613f\u610f\u53bb\u505a\u5bf9\u624b\u76d8\u3002\u8fd9\u5c31\u662f\u4e3a\u4ec0\u4e48 Kalshi \u4e3a\u6d41\u52a8\u6027\u548c\u505a\u5e02\u63d0\u4f9b\u6fc0\u52b1\u3002<\/p>\n<p>\u56de\u987e\u6211\u4eec\u7684\u8ba2\u5355\u7c3f\uff0c\u5f53\u4e00\u540d\u5403\u5355\u8005\u51b3\u5b9a 0.52 \u7f8e\u5143\u5f88\u5212\u7b97\u5e76\u4e70\u5165\u65f6\uff0c\u4ed6\u4e0e\u6211\u5988\u6210\u4ea4\u4e86 50 \u4efd\u5408\u7ea6\uff08\u4f60\u53ef\u4ee5\u5728\u4e70\u65b9\u770b\u5230\u5979\uff09\u3002\u8be5\u8d44\u4ea7\u7684\u4ef7\u683c\u521a\u521a\u201c\u79fb\u52a8\u201d\u5230\u4e86 0.52 \u7f8e\u5143\uff0c\u90a3\u7b14\u4e70\u5355\u4ece\u8d26\u672c\u4e0a\u6d88\u5931\u3002\u8fd9\u5c31\u662f\u4ef7\u683c\u53d1\u73b0\uff0c\u6216\u8005\u66f4\u786e\u5207\u5730\u8bf4\uff0c\u5e02\u573a\u6b63\u5728\u5206\u914d\u6982\u7387\u3002\u6295\u673a\u8005\u4eec\u5c06\u6211\u809d\u8870\u7aed\u7684\u53ef\u80fd\u6027\u66f4\u65b0\u5230\u4e86 52%\u3002<\/p>\n<p>\u770b\u770b Kalshi \u771f\u5b9e\u7684\u8ba2\u5355\u7c3f\uff0c\u60c5\u51b5\u4f1a\u6709\u6240\u4e0d\u540c\uff1a<\/p>\n<p><img src=\"https:\/\/images.bitpush.news\/cn\/20260317\/177368634450708373.png\" title=\"1773684864932247.png\" alt=\"\u62c6\u89e32.03\u4ebf\u7b14\u4ea4\u6613\u540e\uff0c\u6211\u4eec\u53d1\u73b0\u4e86Kalshi\u7684\u66b4\u5229\u771f\u76f8\" style=\"display:block; margin-left:auto; margin-right:auto;\"\/><\/p>\n<p>\u4f60\u4f1a\u6ce8\u610f\u5230\u8fd9\u4e2a\u8ba2\u5355\u7c3f\u6709\u201c\u662f\uff08Yes\uff09\u201d\u548c\u201c\u5426\uff08No\uff09\u201d\u4e24\u9762\u3002Kalshi \u4e0a\u7684\u5408\u7ea6\u53ef\u4ee5\u7ed3\u7b97\u4e3a\u201c\u662f\u201d\u6216\u201c\u5426\u201d\uff0c\u4ea4\u6613\u8005\u5bf9\u4e24\u8005\u90fd\u6709\u4e70\u5356\u9700\u6c42\u3002<\/p>\n<ul>\n<li>\n<p>\u5728\u201c\u662f\u201d\u7684\u4e00\u4fa7\uff0c\u6709 13 \u4efd\u5408\u7ea6\u552e\u4ef7\u4f4e\u81f3 0.44 \u7f8e\u5143\uff0c\u6709 58 \u4efd\u53ef\u4ee5\u4ee5 0.42 \u7f8e\u5143\u4e70\u5165\uff0c\u4ef7\u5dee\u4e3a 0.02 \u7f8e\u5143\u3002<\/p>\n<\/li>\n<li>\n<p>\u5728\u201c\u5426\u201d\u7684\u4e00\u4fa7\uff0c\u6709 58 \u4efd\u5408\u7ea6\u552e\u4ef7\u4f4e\u81f3 0.58 \u7f8e\u5143\uff0c\u6709 13 \u4efd\u53ef\u4ee5\u4ee5 0.56 \u7f8e\u5143\u4e70\u5165\uff0c\u4ef7\u5dee\u4e3a 0.02 \u7f8e\u5143\u3002<\/p>\n<\/li>\n<\/ul>\n<p>\u7b49\u7b49\u2026\u2026\u8fd9\u770b\u8d77\u6765\u5f88\u6ed1\u7a3d\u3002\u4e3a\u4ec0\u4e48\u4e00\u5207\u90fd\u662f\u4e92\u8865\u7684\uff1f\u4e3a\u4ec0\u4e48\u201c\u662f\u201d\u7684\u4e70\u4ef7\u548c\u201c\u5426\u201d\u7684\u5356\u4ef7\u5177\u6709\u76f8\u540c\u7684\u5408\u7ea6\u6570\u91cf\uff0c\u4e14\u4ef7\u683c 0.42 \u7f8e\u5143\u548c 0.58 \u7f8e\u5143\u4e4b\u548c\u6070\u597d\u7b49\u4e8e 1 \u7f8e\u5143\uff1f\u56e0\u4e3a\u4e70\u5165\u201c\u662f\u201d\u7b49\u540c\u4e8e\u5356\u51fa\u201c\u5426\u201d\u3002<\/p>\n<p>\u65e2\u7136\u6211\u4eec\u638c\u63e1\u4e86\u6302\u5355\u7684\u6982\u5ff5\uff0c\u90a3\u4e48\u5339\u914d\u662f\u5982\u4f55\u5de5\u4f5c\u7684\u5462\uff1f<\/p>\n<p>Kalshi \u5728\u5176\u4e2d\u592e\u9650\u4ef7\u8ba2\u5355\u7c3f\u4e0a\u4f7f\u7528\u4ef7\u683c\u548c\u65f6\u95f4\u4f18\u5148\u7b97\u6cd5\u6765\u5339\u914d\u8ba2\u5355\u3002\u8868\u9762\u4e0a\u770b\uff0c\u8fd9\u542c\u8d77\u6765\u5f88\u7b80\u5355\uff1a\u8ba2\u5355\u6839\u636e\u4ef7\u683c\u6392\u5e8f\uff0c\u7136\u540e\u6839\u636e\u63d0\u4ea4\u65f6\u95f4\u6392\u5e8f\uff1b\u7136\u800c\uff0c\u6784\u5efa\u4e00\u4e2a\u4ea4\u6613\u6240\u5e76\u5927\u89c4\u6a21\u5904\u7406\u8fd9\u4e9b\u8ba2\u5355\u5e76\u975e\u6613\u4e8b\u3002\u5728 Kalshi \u7684\u4ea4\u6613\u6240\uff0c\u8ba2\u5355\u5fc5\u987b\u662f\u5168\u989d\u62b5\u62bc\u7684\uff0c\u6240\u4ee5\u4fdd\u8bc1\u91d1\uff08Margin\uff09\u4ea4\u6613\u76ee\u524d\u8fd8\u4e0d\u5b58\u5728\u3002<\/p>\n<p>\u6709\u4e00\u6bb5\u65f6\u95f4\uff0cMIAXdx\uff08\u901a\u8fc7 miax\uff09\u662f Kalshi \u4ea4\u6613\u6240\u4ea4\u6613\u5408\u7ea6\u7684\u7ed3\u7b97\u6240\uff08\u8fdb\u884c\u4ea4\u6613\u7684\u4e2d\u5fc3\u573a\u6240\uff09\u3002MIAXdx \u66fe\u7ecf\u88ab\u79f0\u4e3a<strong> Ledger<\/strong>X\uff0c\u4f46 miax \u901a\u8fc7\u2026\u2026\uff08\u6b64\u5904\u5e94\u6709\u9f13\u70b9\uff09\u2026\u2026FTX \u7684\u7834\u4ea7\u7a0b\u5e8f<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e6%94%b6%e8%b4%ad\" title=\"View all posts in \u6536\u8d2d\" target=\"_blank\" class=\"tag_link\">\u6536\u8d2d<\/a>\u5e76\u91cd\u547d\u540d\u4e86\u5b83\uff01<\/p>\n<p>\u8fc7\u4e86\u4e00\u6bb5\u65f6\u95f4\uff0cKalshi \u89c9\u5f97\u201c\u6211\u4eec\u60f3\u8981\u81ea\u5df1\u7684\u7ed3\u7b97\u6240\u201d\uff0c\u4e8e\u662f\u4ed6\u4eec\u5728 2024 \u5e74 8 \u6708\u5411<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%be%8e%e5%9b%bd\" title=\"View all posts in \u7f8e\u56fd\" target=\"_blank\" class=\"tag_link\">\u7f8e\u56fd<\/a><a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%95%86%e5%93%81%e6%9c%9f%e8%b4%a7\" title=\"View all posts in \u5546\u54c1\u671f\u8d27\" target=\"_blank\" class=\"tag_link\">\u5546\u54c1\u671f\u8d27<\/a>\u4ea4\u6613\u59d4\u5458\u4f1a\uff08<a href=\"https:\/\/www.bitpush.news\/articles\/tag\/cftc\" title=\"\u67e5\u770bCFTC\u4e2d\u7684\u5168\u90e8\u6587\u7ae0\" target=\"_blank\" rel=\"noopener\">CFTC<\/a>\uff09\u6ce8\u518c\u5e76\u5efa\u7acb\u4e86 Kalshi Klear\u3002\u4e3a\u4e86\u8ba9\u8fd9\u4ef6\u4e8b\u5706\u6ee1\u95ed\u73af\uff0cRobinhood \u6700\u8fd1\u53c8\u4ece miax \u624b\u4e2d\u4e70\u4e0b\u4e86\u2026\u2026\u6ca1\u9519\uff0c\u5c31\u662f <strong>LedgerX<\/strong>\uff01<\/p>\n<h2>\u6570\u636e<\/h2>\n<p><img src=\"https:\/\/images.bitpush.news\/cn\/20260317\/177368634494717310.png\" title=\"1773684964791902.png\" alt=\"\u62c6\u89e32.03\u4ebf\u7b14\u4ea4\u6613\u540e\uff0c\u6211\u4eec\u53d1\u73b0\u4e86Kalshi\u7684\u66b4\u5229\u771f\u76f8\" style=\"display:block; margin-left:auto; margin-right:auto;\"\/><\/p>\n<p>\u6211\u8c03\u7528\u4e86 Kalshi \u7684\u5e02\u573a\u63a5\u53e3\u548c\u4ea4\u6613\u63a5\u53e3\uff0c\u83b7\u53d6\u4e86\u7ea6 3000 \u4e07\u4e2a\u5e02\u573a\u30012.03 \u4ebf\u7b14\u4ea4\u6613\u4ee5\u53ca\u8d85\u8fc7 417 \u4ebf\u7f8e\u5143\u603b\u6210\u4ea4\u989d\u7684\u5386\u53f2\u6570\u636e\u3002<\/p>\n<p>\u8fd9\u4e9b\u6210\u4ea4\u989d\u662f\u4ece\u54ea\u91cc\u6765\u7684\uff1fKalshi \u7684\u7f51\u7ad9\u548c App \u76f4\u63a5\u4ea7\u751f\u4e86\u5927\u91cf\u6d41\u91cf\u3002\u5b83\u8fd8\u4e0e\u4e00\u4e9b\u671f\u8d27\u4f63\u91d1\u5546\uff08FCMs\uff09\u5efa\u7acb\u4e86\u5408\u4f5c\u5173\u7cfb\uff0c\u8fd9\u4e9b\u5546\u5bb6\u901a\u8fc7\u4ee3\u8868\u5ba2\u6237\u63a5\u53d7\u5408\u7ea6\u6765\u4fc3\u8fdb\u671f\u8d27\u4ea4\u6613\u3002\u4f60\u53ef\u80fd\u8ba4\u8bc6\u5b83\u4eec\uff1a<\/p>\n<p>\u6bd4\u5982\u4f60\u628a\u4e2a\u4eba\u9000\u4f11\u8d26\u6237\uff08IRA\uff09\u8f6c\u5165\u7684\u5730\u65b9\u2026\u2026Robinhood\uff1b<\/p>\n<p>\u9752\u5c11\u5e74\u4ea4\u6613\u7684\u5730\u65b9\u2026\u2026WeBull\uff1b<\/p>\n<p>\u4ee5\u53ca\u4f60\u5b58\u653e\u5783\u573e\u5e01\u7684\u5730\u65b9\u2026\u2026Coinbase\u3002<\/p>\n<p>\u6210\u4ea4\u989d\u6392\u540d\u524d\u4e24\u4f4d\u7684\u4e8b\u4ef6\u5206\u522b\u662f 2024 \u5e74\u603b\u7edf\u5927\u9009\uff08\u8d85\u8fc7 5.35 \u4ebf\u7f8e\u5143\uff09\u548c 2026 \u5e74\u8d85\u7ea7\u7897\u51a0\u519b\uff08\u7ea6 2.44 \u4ebf\u7f8e\u5143\uff09\u3002<\/p>\n<p>\u7b49\u4e00\u4e0b\u2026\u2026\u8d85\u7ea7\u7897\u2026\u2026\u8fd9\u4e0d\u5c31\u662f\u2026\u2026\u4f53\u80b2\u535a\u5f69\u5417\uff1f<\/p>\n<h2>\u8fd9\u4e0d\u5c31\u662f\u4f53\u80b2\u535a\u5f69\u5417\uff1f<\/h2>\n<p>Kalshi \u53d7 CFTC \u76d1\u7ba1\uff0c\u8be5\u673a\u6784\u8d1f\u8d23\u76d1\u7763\u7f8e\u56fd\u7684\u884d\u751f\u54c1\u5e02\u573a\u3002\u5f53\u6211\u8bf4\u201c\u76d1\u7ba1\u201d\u65f6\uff0c\u6211\u771f\u6b63\u7684\u610f\u601d\u662f\u201c\u4e0d\u53d7\u76d1\u7ba1\u201d\u3002\u300a\u5546\u54c1\u4ea4\u6613\u6cd5\u300b\uff08CEA\uff09\u786e\u7acb\u4e86 CFTC \u8fd0\u4f5c\u7684\u6cd5\u5b9a\u6846\u67b6\u3002\u8fd9\u8d4b\u4e88\u4e86 CFTC \u7981\u6b62\u6d0b\u8471\u671f\u8d27\u4ea4\u6613\u7684\u6743\u529b\uff0c\u4f46\u4e5f\u5141\u8bb8 18 \u5c81\u7684\u9752\u5c11\u5e74\u5728 Kalshi \u4e0a\u4ea4\u6613\u5408\u7ea6\u3002Kalshi \u751a\u81f3\u5728\u5176 FAQ \u9875\u9762\u4e2d\u5439\u5618\u201c\u6ce8\u518c\u548c\u53c2\u4e0e\u7684\u6700\u5c0f\u5e74\u9f84\u201d\u4e3a 18 \u5c81\u4ee5\u4e0a\uff0c\u5e76\u5728\u8be5\u9875\u9762\u76f4\u63a5\u5c06\u5176\u4e0e\u2026\u2026\u4f53\u80b2\u535a\u5f69\u516c\u53f8\uff08Sportsbooks\uff09\u8fdb\u884c\u5bf9\u6bd4\u3002<\/p>\n<p>\u535a\u5f69\u516c\u53f8\u53d7\u5dde\u653f\u5e9c\u7684\u6446\u5e03\uff0c\u6709\u4e9b\u5dde\u5b8c\u5168\u7981\u6b62\u4f53\u80b2\u535a\u5f69\uff0c\u6709\u4e9b\u5dde\u5219\u8981\u6c42\u535a\u5f69\u8005\u5e74\u6ee1 18 \u5c81\u6216 21 \u5c81\u4ee5\u4e0a\uff08\u901a\u5e38\u662f 21 \u5c81\u4ee5\u4e0a\uff09\u3002<\/p>\n<p>\u9177\uff0c\u4f46\u662f\u2026\u2026Kalshi \u4e0d\u540c\u3002\u4f60\u662f\u5728\u4e0e\u540c\u884c\u4ea4\u6613\u5408\u7ea6\uff0c\u800c\u4e14\u5408\u7ea6\u53ef\u4ee5\u662f\u4efb\u4f55\u5185\u5bb9\u3002\u4e0d\u53ea\u662f\u4f53\u80b2\uff0c\u5bf9\u5427\uff1f\u6211\u4e0d\u662f\u5728\u548c\u5e84\u5bb6\u5bf9\u8d4c\uff0c\u5bf9\u5427\uff1f<\/p>\n<p><img src=\"https:\/\/images.bitpush.news\/cn\/20260317\/177368634412112987.png\" title=\"1773684989858330.png\" alt=\"\u62c6\u89e32.03\u4ebf\u7b14\u4ea4\u6613\u540e\uff0c\u6211\u4eec\u53d1\u73b0\u4e86Kalshi\u7684\u66b4\u5229\u771f\u76f8\" style=\"display:block; margin-left:auto; margin-right:auto;\"\/><\/p>\n<p>\u8d85\u8fc7 82% \u7684\u5408\u7ea6\u662f\u5173\u4e8e\u2026\u2026\u4f53\u80b2\u7684\u3002 Kalshi \u662f\u4e00\u95e8\u8d70\u91cf\u7684\u751f\u610f\uff0c\u4ea4\u6613\u7684\u5408\u7ea6\u8d8a\u591a\uff0c\u6536\u53d6\u7684\u8d39\u7528\u5c31\u8d8a\u591a\u3002\u4f5c\u4e3a\u7b2c\u4e00\u4e2a\u9762\u5411 18 \u5c81\u4eba\u7fa4\u7684\u535a\u5f69\u5e73\u53f0\uff0c\u8fd9\u518d\u597d\u4e0d\u8fc7\u4e86\u3002\u987a\u4fbf\u8bf4\u4e00\u4e0b\uff0c\u4ed6\u4eec\u8fd8\u63d0\u4f9b\u8fc7\u5173\u6295\u6ce8\uff08parlays\uff09\uff0c\u5360\u603b\u6210\u4ea4\u989d\u7684 5% \u4ee5\u4e0a\uff01<\/p>\n<p>\u5173\u4e8e\u4e0d\u4e0e\u5e84\u5bb6\u5bf9\u8d4c\u7684\u53e6\u4e00\u4ef6\u4e8b\u2026\u2026\u51fa\u81ea Kalshi \u7684\u6587\u7ae0<a href=\"https:\/\/news.kalshi.com\/p\/who-am-i-trading-against-on-kalshi\" target=\"_self\" rel=\"noopener\">\u300a\u6211\u5728\u548c\u8c01\u4ea4\u6613\u300b<\/a>\uff1a<\/p>\n<blockquote>\n<p>\u201c\u4ea4\u6613\u6240\u7684\u53e6\u4e00\u4e2a\u91cd\u8981\u53c2\u4e0e\u8005\u662f Kalshi Trading\u3002Kalshi Trading \u662f\u4e00\u4e2a\u72ec\u7acb\u4e8e Kalshi Exchange \u7684\u5b9e\u4f53\u2026\u2026\u4ed6\u4eec\u548c\u6240\u6709\u4eba\u4e00\u6837\uff0c\u4e5f\u662f\u4ea4\u6613\u6240\u7684\u53c2\u4e0e\u8005\u3002\u201d<\/p>\n<\/blockquote>\n<p>\u5982\u679c\u5b83\u770b\u8d77\u6765\u50cf\u535a\u5f69\u516c\u53f8\uff0c\u4ea4\u6613\u8d77\u6765\u4e5f\u50cf\u535a\u5f69\u516c\u53f8\uff0c\u90a3\u5b83\u53ef\u80fd\u5c31\u662f\u3001\u3001\u3001<\/p>\n<h2>\u56de\u5230\u6570\u636e\uff01<\/h2>\n<p>\u8fd9\u4e9b\u5e02\u573a\u7684\u6210\u4ea4\u989d\u5448\u73b0\u51fa\u5e42\u5f8b\u5206\u5e03\u3002\u901a\u8fc7\u4ee5\u6570\u91cf\u7ea7\u9012\u589e\u7684\u65b9\u5f0f\u5bf9\u603b\u6210\u4ea4\u989d\uff08\u7f8e\u5143\uff09\u8fdb\u884c\u5206\u6876\uff0c\u53ef\u4ee5\u5f88\u597d\u5730\u5c55\u793a\u8fd9\u4e00\u70b9\u3002<\/p>\n<p><img src=\"https:\/\/images.bitpush.news\/cn\/20260317\/177368634528708742.png\" title=\"1773685101175566.png\" alt=\"\u62c6\u89e32.03\u4ebf\u7b14\u4ea4\u6613\u540e\uff0c\u6211\u4eec\u53d1\u73b0\u4e86Kalshi\u7684\u66b4\u5229\u771f\u76f8\" style=\"display:block; margin-left:auto; margin-right:auto;\"\/><\/p>\n<p>80% \u6210\u4ea4\u989d\u4e3a 0 \u7684\u5e02\u573a\u662f\u7ec4\u5408\uff08\u5373\u591a\u53d8\u91cf\u4e8b\u4ef6\uff0c\u53c8\u540d\u8fc7\u5173\u6295\u6ce8\uff09\u3002\u6bcf\u4e00\u4e2a\u90fd\u662f\u901a\u8fc7 Kalshi \u7684 RFQ\uff08\u62a5\u4ef7\u8bf7\u6c42\uff09\u7cfb\u7edf\u4ea7\u751f\u7684\u72ec\u7279\u5e02\u573a\uff0c\u5176\u4e2d\u8bb8\u591a\u5e02\u573a\u90fd\u6ca1\u6709\u627e\u5230\u5bf9\u624b\u76d8\u3002<\/p>\n<p>\u4f7f\u7528\u76f8\u540c\u7684\u6210\u4ea4\u989d\u5206\u6876\uff0c\u5e76\u6309\u7ed3\u7b97\u7ed3\u679c\u8fdb\u884c\u62c6\u5206\uff0c\u6211\u4eec\u770b\u5230\u968f\u7740\u6210\u4ea4\u989d\u589e\u52a0\uff0c\u7ed3\u7b97\u4e3a\u201c\u662f\u201d\u7684\u5e02\u573a\u6bd4\u4f8b\u4e5f\u968f\u4e4b\u589e\u52a0\u3002<\/p>\n<p>\u8fd9\u8868\u660e\u4f60\u5bf9\u4efb\u4f55\u7279\u5b9a\u5e02\u573a\u7684\u57fa\u51c6\u9884\u671f\u90fd\u5e94\u8be5\u503e\u5411\u4e8e\u7ed3\u7b97\u4e3a\u201c\u5426\u201d\u3002\u8fd9\u4e0e\u6210\u4ea4\u989d\u7684\u5173\u7cfb\u662f\u5408\u7406\u7684\uff1a\u5305\u542b\u5927\u91cf\u5e02\u573a\u7684\u4e8b\u4ef6\u4f1a\u5bfc\u81f4\u6210\u4ea4\u989d\u88ab\u7a00\u91ca\uff0c\u800c\u6700\u7ec8\u53ea\u6709\u4e00\u4e24\u4e2a\u5e02\u573a\u4f1a\u7ed3\u7b97\u4e3a\u201c\u662f\u201d\u3002<\/p>\n<p>\u5728\u8fd9\u4e9b\u5e02\u573a\u4e2d\uff0c\u6bcf\u7b14\u4ea4\u6613\u7684\u5e73\u5747\u5408\u7ea6\u6570\u5f98\u5f8a\u5728 150-250 \u4efd\u4e4b\u95f4\u3002\u9664\u4e86 2024 \u5e74\u56e0\u4e3a\u7f8e\u56fd\u5927\u9009\u51fa\u73b0\u4e86\u4e00\u4e9b 100 \u4e07\u4efd\u5408\u7ea6\u7684\u5927\u5355\u5bfc\u81f4\u51fa\u73b0\u5de8\u5927\u7684\u5cf0\u503c\u5916\u3002\u4e2d\u4f4d\u6570\u8fdc\u4f4e\u4e8e\u6b64\uff0c\u5927\u591a\u6570\u6708\u4efd\u901a\u5e38\u5728 50 \u4efd\u4ee5\u4e0b\u3002<\/p>\n<p><img src=\"https:\/\/images.bitpush.news\/cn\/20260317\/177368634562359751.png\" title=\"1773685090210675.png\" alt=\"\u62c6\u89e32.03\u4ebf\u7b14\u4ea4\u6613\u540e\uff0c\u6211\u4eec\u53d1\u73b0\u4e86Kalshi\u7684\u66b4\u5229\u771f\u76f8\" style=\"display:block; margin-left:auto; margin-right:auto;\"\/><\/p>\n<h2>\u8d39\u7528\uff1a\u535a\u5f69\u516c\u53f8 vs Kalshi<\/h2>\n<p>\u5982\u679c\u8bf4\u4f53\u80b2\u535a\u5f69\u516c\u53f8\u50cf\u8f6e\u76d8\u8d4c\uff0c\u901a\u8fc7\u63d0\u4f9b\u7684\u8d54\u7387\u8d62\u94b1\uff0c\u90a3\u4e48 Kalshi \u5c31\u50cf\u6251\u514b\uff0c\u5e84\u5bb6\u901a\u8fc7\u62bd\u6c34\uff08rake\uff09\u8d5a\u94b1\uff0c\u4e14\u4e0e\u8c01\u8f93\u8c01\u8d62\u65e0\u5173\u3002<\/p>\n<p>\u5728\u535a\u5f69\u516c\u53f8\uff0c\u4f60\u4f1a\u53d1\u73b0\u201c\u7b49\u989d\u8d54\u7387\uff08even odds\uff09\u201d\uff0c\u5373\u4e24\u8fb9\u5404\u6709 50% \u673a\u4f1a\u7684\u76d8\u53e3\uff0c\u6bd4\u5982\u8d85\u7ea7\u7897\u7684\u63b7\u786c\u5e01\u3002\u4ed6\u4eec\u4e0d\u4f1a\u7ed9\u4f60\u7b49\u989d\u8d54\u7387\uff0c\u800c\u662f\u4f1a\u63d0\u4f9b 52.4% \u7684\u4eba\u5934\u6982\u7387\u548c 52.4% \u7684\u5b57\u6982\u7387\uff0c\u8fd9\u9ad8\u4e8e\u73b0\u5b9e\u3002<\/p>\n<p>\u5728\u4e00\u4e2a\u516c\u5e73\u7684\u5e02\u573a\u4e2d\uff0c\u5982\u679c\u4f60\u5728\u63b7\u786c\u5e01\u4e0a\u62bc 10 \u7f8e\u5143\uff0c\u5982\u679c\u4f60\u9009\u5bf9\u4e86\uff0c\u4f60\u671f\u671b\u8d62\u5f97 10 \u7f8e\u5143\u2026\u2026\u4f46\u5728\u8d54\u7387\u66f4\u9ad8\u7684\u535a\u5f69\u516c\u53f8\uff0c\u4f60\u53ea\u80fd\u8d62\u5f97 9.09 \u7f8e\u5143\u3002<\/p>\n<p>\u5728\u4f53\u80b2\u535a\u5f69\u4e2d\uff0c\u5982\u679c\u4e24\u4e2a\u4eba\u5bf9\u4e00\u573a\u629b\u786c\u5e01\u5bf9\u51b3\u5404\u4e0b\u6ce810\u7f8e\u5143\uff0c\u90a3\u4e48\u6700\u7ec8\u4e00\u4e2a\u4eba\u80fd\u62ff\u56de19.09\u7f8e\u5143\uff0c\u53e6\u4e00\u4e2a\u4eba\u5219\u8840\u672c\u65e0\u5f52\uff0c\u800c\u535a\u5f69\u516c\u53f8\u7a33\u8d5a0.91\u7f8e\u5143\uff0c\u4e5f\u5c31\u662f\u603b\u4e0b\u6ce8\u989d\u76844.5%\u3002\u8fd94.5%\u5c31\u662f\u4eba\u4eec\u5e38\u8bf4\u7684&quot;\u62bd\u6c34&quot;\u2014\u2014\u4f60\u4e5f\u53ef\u4ee5\u53eb\u5b83<strong>&quot;\u6c34\u94b1&quot;\u3001&quot;\u4f63\u91d1&quot;\u6216\u8005&quot;\u5e84\u5bb6\u4f18\u52bf&quot;<\/strong>\u3002<\/p>\n<p>\u4f8b\u5982\uff0c\u5c9b\u4eba\u961f vs \u9b54\u9b3c\u961f\u7684\u5e02\u573a\u5728\u535a\u5f69\u516c\u53f8\u5f88\u65b9\u4fbf\u5730\u5b9a\u4e3a 52.4%\/52.4%\u3002\u5728 Kalshi \u4e0a\uff0c\u5408\u7ea6\u4ea4\u6613\u4ef7\u4e3a 0.51 \u7f8e\u5143\uff0851%\uff09\u3002\u90a3\u4e48\u4f60\u5e94\u8be5\u5728 Kalshi \u4e0a\u4ea4\u6613\uff0c\u56e0\u4e3a\u4f60\u83b7\u5f97\u7684\u8d54\u7387\u66f4\u597d\uff0851% vs 52.4%\uff09\uff0c\u5bf9\u5427\uff1f<\/p>\n<p><img src=\"https:\/\/images.bitpush.news\/cn\/20260317\/177368634530472784.png\" title=\"1773685123708489.png\" alt=\"\u62c6\u89e32.03\u4ebf\u7b14\u4ea4\u6613\u540e\uff0c\u6211\u4eec\u53d1\u73b0\u4e86Kalshi\u7684\u66b4\u5229\u771f\u76f8\" style=\"display:block; margin-left:auto; margin-right:auto;\"\/><\/p>\n<p>\u4e0d\uff01 \u867d\u7136\u535a\u5f69\u516c\u53f8\u63d0\u4f9b\u7684\u8d54\u7387\u66f4\u5dee\uff0c\u4f46 Kalshi \u7684\u5403\u5355\u8d39\uff080.35 \u7f8e\u5143\uff09\u62b5\u6d88\u4e86\u8fd9\u4e00\u70b9\uff1a<\/p>\n<ul>\n<li>\n<p>Kalshi: \u4e0b\u6ce8 10.55 \u7f8e\u5143\uff08\u8d2d\u4e70 20 \u4efd\u5408\u7ea6\uff0c\u603b\u4ef7 10.20 \u7f8e\u5143 + 0.35 \u7f8e\u5143\u624b\u7eed\u8d39\uff09\uff0c\u8d62\u53d6 20 \u7f8e\u5143\u3002<\/p>\n<\/li>\n<li>\n<p>\u535a\u5f69\u516c\u53f8: \u4e0b\u6ce8 10.55 \u7f8e\u5143\uff0c\u8d62\u53d6 20.14 \u7f8e\u5143\uff08\u5728\u76f8\u540c\u7684\u6295\u6ce8\u989d\u4e0b\uff0c\u6bd4 Kalshi \u591a\u8d5a 0.14 \u7f8e\u5143\uff09\u3002<\/p>\n<\/li>\n<\/ul>\n<p>\u8fd9\u5e76\u4e0d\u662f\u6240\u6709\u5e02\u573a\u7684\u5168\u90e8\u60c5\u51b5\uff0c\u56e0\u4e3a Kalshi \u63d0\u4f9b\u6d41\u52a8\u6027\u6fc0\u52b1\u548c\u6210\u4ea4\u91cf\u6fc0\u52b1\u3002\u6b64\u5916\uff0c\u8d39\u7528\u7ed3\u6784\u5e76\u975e\u6bcf\u4e2a\u5e02\u573a\u90fd\u76f8\u540c\uff0c\u800c\u4e14 Kalshi \u786e\u5b9e\u4f1a\u4e3a\u4f60\u6301\u6709\u7684\u5934\u5bf8\u652f\u4ed8\u6bcf\u65e5\u7d2f\u8ba1\u7684\u6536\u76ca\u3002<\/p>\n<h2>\u8d39\u7528<\/h2>\n<p>Kalshi \u4ece\u8fd9\u4e48\u591a\u6210\u4ea4\u989d\u4e2d\u8d5a\u53d6\u4e86\u591a\u5c11\u8d39\u7528\uff1f\u9996\u5148\uff0c\u6211\u4eec\u6765\u770b\u770b\u5411\u201c\u5403\u5355\u8005\u201d\u6536\u53d6\u7684\u8d39\u7528\u3002\u516c\u5f0f\u4e3a\uff1a<\/p>\n<p>\u8d39\u7528 = \u5411\u4e0a\u53d6\u6574(0.07 \u00d7 C \u00d7 P \u00d7 (1-P))<\/p>\n<p>\u5176\u4e2d C \u662f\u5408\u7ea6\u6570\u91cf\uff0cP \u662f\u4ef7\u683c\uff08\u8303\u56f4\u4ece 0.01 \u7f8e\u5143\u5230 0.99 \u7f8e\u5143\uff09\u3002<\/p>\n<p>\u6211\u4eec\u53ef\u4ee5\u7ed8\u5236\u8d39\u7528\u968f P \u548c C\u53d8\u5316\u7684\u56fe\u8868\u3002\u8d39\u7528\u968f\u7740\u5408\u7ea6\u6570\u91cf\u7684\u589e\u52a0\u800c\u7ebf\u6027\u589e\u52a0\uff1b\u8fd9\u662f\u7531 P(1-P) \u63a7\u5236\u7684\uff0c\u6b63\u5982\u4f60\u4ece\u53f3\u56fe\u4e2d\u770b\u5230\u7684\uff0c\u5b83\u663e\u793a\u4e86\u5f53\u9690\u542b\u6982\u7387\u8fdc\u79bb 50% \u65f6\uff0c\u8d39\u7528\u662f\u5982\u4f55\u964d\u4f4e\u7684\uff0c\u8fd9\u4f7f\u5f97\u6781\u6709\u53ef\u80fd\u548c\u6781\u4e0d\u53ef\u80fd\u53d1\u751f\u7684\u5408\u7ea6\u8d39\u7528\u6700\u4f4e\u3002<\/p>\n<p><img src=\"https:\/\/images.bitpush.news\/cn\/20260317\/177368634524942265.png\" title=\"1773685169265966.png\" alt=\"\u62c6\u89e32.03\u4ebf\u7b14\u4ea4\u6613\u540e\uff0c\u6211\u4eec\u53d1\u73b0\u4e86Kalshi\u7684\u66b4\u5229\u771f\u76f8\" style=\"display:block; margin-left:auto; margin-right:auto;\"\/><\/p>\n<p>\u6211\u4eec\u53d1\u73b0\u8fd9\u5c31\u662f\u4f2f\u52aa\u5229\u5206\u5e03\u3002\u4f2f\u52aa\u5229\u5206\u5e03\u6a21\u578b\u5316\u4e86\u5355\u4e2a\u201c\u662f\u201d\u6216\u201c\u5426\u201d\u95ee\u9898\u7684\u7ed3\u679c\uff08\u5728\u6211\u4eec\u7684\u6848\u4f8b\u4e2d\u662f\u4e00\u4e2a\u5e02\u573a\uff09\u3002\u8be5\u5206\u5e03\u7684\u65b9\u5dee\u53ef\u4ee5\u6a21\u578b\u5316\u4e3a P(1-P)\uff0c\u5176\u4e2d P \u662f\u201c\u662f\u201d\u7684\u6982\u7387\uff1b\u5373\u53f3\u56fe\u7684 Y \u8f74\u3002<\/p>\n<ul>\n<li>\n<p>\u65b9\u5dee\u5b58\u5728\u4e8e 0 \u5230 0.25 \u4e4b\u95f4\u3002<\/p>\n<\/li>\n<li>\n<p>\u71b5\uff08\u6982\u7387\u5206\u5e03\u4e2d\u7684\u4e0d\u786e\u5b9a\u6027\u6216\u968f\u673a\u6027\uff09\u5728 P = 0.5 \u65f6\u8fbe\u5230\u6700\u5927\u503c\u3002<\/p>\n<\/li>\n<\/ul>\n<p>\u4e3a\u4ec0\u4e48 Kalshi \u4e0d\u5b9e\u65bd\u56fa\u5b9a\u8d39\u7387\uff0c\u8fd9\u6837\u6211\u4eec\u5c31\u4e0d\u7528\u753b\u56fe\u4e86\uff1f\u5f88\u53ef\u80fd\u662f\u51fa\u4e8e\u4ea4\u6613\u987e\u8651\uff1a<\/p>\n<blockquote>\n<p>\u5982\u679c\u4e00\u4efd\u5408\u7ea6\u7684\u4ef7\u683c\u662f<strong> 98 \u7f8e\u5206<\/strong>\uff0c\u4f60\u80fd\u83b7\u5f97\u7684\u6700\u5927\u5229\u6da6\u662f<strong> 2 \u7f8e\u5206<\/strong>\u3002\u5982\u679c Kalshi \u6536\u53d6\u56fa\u5b9a\u7684 2 \u7f8e\u5206\u8d39\u7528\uff0c\u4f60\u7684\u5229\u6da6\u5c31\u662f 0\u2026\u2026\u6ca1\u4eba\u4f1a\u53bb\u4ea4\u6613\u5b83\u3002<\/p>\n<\/blockquote>\n<p>\u6302\u5355\u8d39\u7684\u659c\u7387\u662f\u76f8\u540c\u7684\uff0c\u53ea\u662f\u7531\u4e8e 0.0175 \u7684\u4e58\u6570\uff08\u5403\u5355\u8d39\u7684\u56db\u5206\u4e4b\u4e00\uff09\u800c\u6309\u6bd4\u4f8b\u7f29\u5c0f\u4e86\uff1a<\/p>\n<p>\u8d39\u7528 = \u5411\u4e0a\u53d6\u6574(0.0175 \u00d7 C \u00d7 P \u00d7 (1-P))<\/p>\n<p>\u5728\u4e0b\u8f7d\u4e86 Kalshi \u4e0a\u5168<strong>\u90e8 2.03 \u4ebf\u7b14\u5386\u53f2\u4ea4\u6613<\/strong>\u540e\uff0c\u6211\u77e5\u9053\u6bcf\u4efd\u5408\u7ea6\u7684\u51c6\u786e\u4ea4\u6613\u4ef7\u683c\u3002\u6211\u53ef\u4ee5\u5c06 P \u548c C\u4ee3\u5165\u8fd9\u4e9b\u7b49\u5f0f\uff0c\u5f97\u51fa Kalshi \u4ece\u6240\u6709\u8fd9\u4e9b\u5408\u7ea6\u4e2d\u4ea7\u751f\u7684\u603b\u6536\u5165\u2026\u2026<strong>5.456 \u4ebf\u7f8e\u5143\u3002<\/strong><\/p>\n<p>\u4ee5\u4e0b\u662f Kalshi \u6309\u9690\u542b\u6982\u7387\u5206\u7c7b\u7684\u6708\u5ea6\u4ea4\u6613\u989d\uff1a<\/p>\n<p><img src=\"https:\/\/images.bitpush.news\/cn\/20260317\/177368634510375260.png\" title=\"1773685187664698.png\" alt=\"\u62c6\u89e32.03\u4ebf\u7b14\u4ea4\u6613\u540e\uff0c\u6211\u4eec\u53d1\u73b0\u4e86Kalshi\u7684\u66b4\u5229\u771f\u76f8\" style=\"display:block; margin-left:auto; margin-right:auto;\"\/><\/p>\n<p>\u4ee5\u4e0b\u662f Kalshi \u6708\u5ea6\u624b\u7eed\u8d39\u6536\u5165\uff1a<\/p>\n<p><img src=\"https:\/\/images.bitpush.news\/cn\/20260317\/177368634614559187.png\" title=\"1773685198333457.png\" alt=\"\u62c6\u89e32.03\u4ebf\u7b14\u4ea4\u6613\u540e\uff0c\u6211\u4eec\u53d1\u73b0\u4e86Kalshi\u7684\u66b4\u5229\u771f\u76f8\" style=\"display:block; margin-left:auto; margin-right:auto;\"\/><\/p>\n<p>\u663e\u7136\uff0c\u8fd9\u4e9b\u5e02\u573a\u6b63\u5448\u73b0\u51fa\u7206\u70b8\u5f0f\u589e\u957f\uff0c\u800c<a href=\"https:\/\/www.bitpush.news\/articles\/tag\/draftkings\" title=\"\u67e5\u770bDraftKings\u4e2d\u7684\u5168\u90e8\u6587\u7ae0\" target=\"_blank\" rel=\"noopener\">DraftKings<\/a>\u3001<a href=\"https:\/\/www.bitpush.news\/articles\/tag\/fanduel\" title=\"\u67e5\u770bFanDuel\u4e2d\u7684\u5168\u90e8\u6587\u7ae0\" target=\"_blank\" rel=\"noopener\">FanDuel<\/a>\u548c<a href=\"https:\/\/www.bitpush.news\/articles\/tag\/fanatics\" title=\"\u67e5\u770bFanatics\u4e2d\u7684\u5168\u90e8\u6587\u7ae0\" target=\"_blank\" rel=\"noopener\">Fanatics<\/a>\u6b63\u4e89\u5148\u6050\u540e\u5730\u6324\u8fdb\u8fd9\u573a\u72c2\u6b22\u2014\u2014\u4e00\u573a&quot;\u6211\u4eec\u505a\u7684\u4e1a\u52a1\u57fa\u672c\u4e00\u6837\uff0c\u4f46\u73b0\u5728\u662f\u4f2a\u76d1\u7ba1\u6a21\u5f0f\uff0c\u800c\u4e1418\u5c81\u7684\u4eba\u4e5f\u80fd\u73a9&quot;\u7684\u72c2\u6b22\u6d3e\u5bf9\u3002<\/p>\n<h2>\u7ed3\u7b97<\/h2>\n<p>\u4e00\u4e2a\u6709\u8da3\u7684\u7ed3\u7b97\u6848\u4f8b\u662f\u8fbe\u62c9\u65af\u961f\u548c\u7eff\u6e7e\u961f\u5728 NFL \u6bd4\u8d5b\u4e2d\u6253\u5e73\u3002\u8be5\u5e02\u573a\u7ed3\u7b97\u4e3a 50\/50\uff0c\u800c\u4e0d\u662f\u662f\u6216\u5426\u3001100 \u6216 0\u2026\u2026\u5728\u9884\u6d4b\u5e02\u573a\u4e2d\u6ca1\u6709\u9000\u6b3e\uff08pushing\uff09\u6216\u5e9f\u5355\uff08voiding\uff09\u7684\u6982\u5ff5\u3002\u5f53\u60c5\u51b5\u53d8\u5f97\u4e0d\u660e\u6717\u65f6\uff0cKalshi \u4f1a\u4ecb\u5165\u3002\u5728\u6570\u636e\u4e2d\uff0cKalshi \u5c06\u8fd9\u4e9b\u7ed3\u679c\u6807\u8bb0\u4e3a\u201c\u6807\u91cf\uff08scalar\uff09\u201d\uff0c\u6709\u8d85\u8fc7 17 \u4e07\u4e2a\u5e02\u573a\u88ab\u6807\u8bb0\u4e3a\u6807\u91cf\u3002<\/p>\n<p>Kalshi \u4e0a\u7684\u5e02\u573a\u7ed3\u7b97\u4f3c\u4e4e\u76f8\u5f53\u4f9d\u8d56\u4eba\u5de5\u3002\u4ed6\u4eec\u6709\u4e00\u4e2a\u5e02\u573a\u56e2\u961f\u4e13\u95e8\u5f7b\u5e95\u5ba1\u67e5\u7ed3\u679c\u3002\u6bcf\u4e2a\u5e02\u573a\u90fd\u6709\u6743\u5a01\u7684\u53c2\u8003\u70b9\u3002\u4f8b\u5982\uff0c\u8d85\u7ea7\u7897\u5217\u51fa\u4e86\u51e0\u4e2a\u6765\u6e90\u5e76\u5305\u542b\u7279\u5b9a\u4e8e\u8be5\u4e8b\u4ef6\u7684\u89c4\u5219\u3002\u5c3d\u7ba1\u5982\u6b64\uff0c\u4ed6\u4eec\u4ecd\u7136\u65e0\u6cd5\u786e\u5b9a Cardi B \u662f\u5426\u8fdb\u884c\u4e86\u8868\u6f14\uff0c\u5e76\u6309\u6700\u540e\u6210\u4ea4\u4ef7\u683c\u7ed3\u7b97\u4e86\u5e02\u573a\u3002<\/p>\n<p>Polymarket \u5219\u8bf4\u201c\u662f\u7684\uff0c\u5979\u8868\u6f14\u4e86\u201d\uff0c\u8fd9\u51f8\u663e\u4e86\u4ed6\u4eec\u5982\u4f55\u5229\u7528 UMA \u7684\u4e50\u89c2\u9884\u8a00\u673a\uff08Optimistic Oracle\uff09 \u8fdb\u884c\u4e0d\u540c\u7684\u7ed3\u7b97\u2026\u2026\u4f46\u6211\u4eec\u628a\u8fd9\u4e2a\u7559\u5230\u4e0b\u6b21\u518d\u8bf4\u3002<\/p>\n<h2>\u7ed3\u8bba<\/h2>\n<p>\u8bf4\u5230\u8fd9\u91cc\uff0c\u6211\u8fd8\u6709 9 \u74f6\u5564\u9152\u8981\u559d\uff0c\u800c\u4e14\u672c\u6587\u5b57\u6570\u5df2\u7ecf\u4e25\u91cd\u8d85\u6807\u4e86\u3002<\/p>\n<p>\u5feb\u901f\u5207\u5165\u4e00\u4e2a<strong>\u6cd5\u5f8b\u756a\u5916\u7bc7<\/strong>\uff1a\u8fd8\u6709\u4e00\u5bb6\u540d\u4e3a<strong> PredictIT <\/strong>\u7684\u9884\u6d4b\u5e02\u573a\uff0c\u4e13\u95e8\u505a\u653f\u6cbb\u9884\u6d4b\u5e02\u573a\u3002PredictIT \u7531\u4e00\u5bb6\u540d\u4e3a Aristotle \u7684\u516c\u53f8\u8fd0\u8425\uff0c\u8be5\u516c\u53f8\u4e3a\u653f\u6cbb\u7ade\u9009\u6d3b\u52a8\u63d0\u4f9b\u6570\u636e\u6316\u6398\u670d\u52a1\u3002\u5b83\u4e8e2014\u5e74\u4f5c\u4e3a\u65b0\u897f\u5170\u60e0\u7075\u987f\u7ef4\u591a\u5229\u4e9a\u5927\u5b66\u7684\u4e00\u4e2a\u975e\u8425\u5229\u6027\u6559\u80b2\u9879\u76ee\u542f\u52a8\u3002\u4e3a\u4e86\u80fd\u591f\u8fd0\u8425\uff0c\u4ed6\u4eec\u50cf IEM \u4e00\u6837\uff0c\u83b7\u5f97\u4e86\u7f8e\u56fd\u5546\u54c1\u671f\u8d27\u4ea4\u6613\u59d4\u5458\u4f1a\uff08CFTC\uff09\u7684\u65e0\u5f02\u8bae\u51fd\uff0c\u540c\u610f\u9075\u5b88\u67d0\u4e9b\u4fdd\u62a4\u6027\u63aa\u65bd\u5e76\u670d\u52a1\u4e8e\u5b66\u672f\u76ee\u7684\u3002\u7136\u540e\uff0c\u5230\u4e862022\u5e74\uff0cPredictIT \u56e0\u672a\u6309\u534f\u8bae\u8fd0\u8425\uff0c\u88ab CFTC \u72e0\u72e0\u6536\u62fe\u4e86\u4e00\u987f\u3002\u5230\u4e862025\u5e74\uff0c\u4ed6\u4eec\u5728\u8054\u90a6\u6cd5\u5ead\u4e0a\u7ed9 CFTC \u6765\u4e86\u4e2a\u6f02\u4eae\u7684\u7edd\u5730\u53cd\u6740\uff0c\u4e8e\u662f\u8fd9\u4e2a&quot;\u9884\u6d4b\u5e02\u573a\u4e2d\u7684\u51ef\u8fea\u62c9\u514b&quot;\u53c8\u56de\u6765\u5566\uff01<\/p>\n<p>\u65e0\u8bba\u5982\u4f55\uff0c\u57fa\u672c\u4e0a\uff0c\u6240\u6709\u8fd9\u4e9b\u53c2\u4e0e&quot;\u4e8b\u4ef6\u5408\u7ea6&quot;<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e6%b8%b8%e6%88%8f\" title=\"View all posts in \u6e38\u620f\" target=\"_blank\" class=\"tag_link\">\u6e38\u620f<\/a>\u7684\u516c\u53f8\uff0c\u90fd\u5728\u4e0d\u505c\u5730\u5411<strong> CFTC \u63d0\u4ea4\u4e00\u5c01\u53c8\u4e00\u5c01\u7684\u4fe1\u51fd<\/strong>\uff0c\u8bf7\u6c42\u4e0d\u8981\u56e0\u4e3a\u5b83\u4eec\u672a\u80fd\u6ee1\u8db3\u901a\u5e38\u8981\u6c42\u7684\u62a5\u544a\u6807\u51c6\u800c\u5bf9\u4ed6\u4eec\u91c7\u53d6\u884c\u52a8\u3002\u5230\u76ee\u524d\u4e3a\u6b62\uff0cCFTC \u4f3c\u4e4e\u4e5f\u8868\u793a\u540c\u610f\uff0c\u7406\u7531\u662f&quot;<strong>\u4f20\u7edf\u7684\u4e92\u6362\u4ea4\u6613\u62a5\u544a\u89c4\u5219\u5bf9\u4ea4\u6613\u6240\u4ea4\u6613\u7684\u4e8b\u4ef6\u5408\u7ea6\u7684\u9002\u7528\u6027\u6709\u9650<\/strong>&quot;\u3002<\/p>\n<p>\u5f53\u7136\uff0c\u8fd9\u91cc\u8fd8\u6709\u5176\u4ed6\u95ee\u9898\uff0c\u6bd4\u5982 Kalshi \u548c Robinhood \u7684\u5206\u7c7b\u95ee\u9898\uff0c\u4f46\u53ef\u4ee5\u8bf4\uff0c\u672a\u6765\u5173\u4e8e\u5982\u4f55\u76d1\u7ba1\u3001\u5f81\u7a0e\u4ee5\u53ca\u7ba1\u7406\u8fd9\u4e9b&quot;\u65b0&quot;\u5b9e\u4f53\u7684\u62a5\u544a\uff0c\u5c06\u4f1a\u6709\u5f88\u591a\u5f88\u591a\u7684\u8ba8\u8bba\u3002<\/p>\n<hr\/>\n<p>Twitter\uff1a<a href=\"https:\/\/twitter.com\/BitpushNewsCN\" target=\"_self\" rel=\"noopener\">https:\/\/twitter.com\/BitpushNewsCN<\/a><\/p>\n<p>\u6bd4\u63a8 TG \u4ea4\u6d41\u7fa4\uff1a<a href=\"https:\/\/t.me\/BitPushCommunity\" target=\"_self\" rel=\"noopener\">https:\/\/t.me\/BitPushCommunity<\/a><\/p>\n<p>\u6bd4\u63a8 TG \u8ba2\u9605\uff1a <a href=\"https:\/\/t.me\/bitpush\" target=\"_self\" rel=\"noopener\">https:\/\/t.me\/bitpush<\/a><\/p>\n<p>(\u6765\u6e90:\u6bd4\u63a8)                                                             <ins                                 data-ad-layout=\"in-article\"                                 data-ad-format=\"fluid\"                                 data-ad-client=\"ca-pub-8211126797345278\"                                 data-ad-slot=\"6642518713\"><\/ins>                                                                                                                                                                        <\/p>\n<div>\n<h5>\u539f\u6587\u94fe\u63a5:<a target=\"_blank\" href=\"https:\/\/read.technically.dev\/p\/whats-a-prediction-market\" rel=\"noopener\">https:\/\/read.technically.dev\/p\/whats-a-prediction-market<\/a><\/h5>\n<\/p><\/div>\n<div>\n<h5>\u8bf4\u660e: \u6bd4\u63a8\u6240\u6709\u6587\u7ae0\u53ea\u4ee3\u8868\u4f5c\u8005\u89c2\u70b9\uff0c\u4e0d\u6784\u6210<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e6%8a%95%e8%b5%84\" title=\"View all posts in \u6295\u8d44\" target=\"_blank\" class=\"tag_link\">\u6295\u8d44<\/a>\u5efa\u8bae<\/h5>\n<\/p><\/div>\n<div>                                                                          <span><a href=\"https:\/\/www.bitpush.news\/articles\/tag\/cftc\" rel=\"tag\">CFTC<\/a><\/span><span><a href=\"https:\/\/www.bitpush.news\/articles\/tag\/draftkings\" rel=\"tag\">DraftKings<\/a><\/span><span><a href=\"https:\/\/www.bitpush.news\/articles\/tag\/fanatics\" rel=\"tag\">Fanatics<\/a><\/span><span><a href=\"https:\/\/www.bitpush.news\/articles\/tag\/fanduel\" rel=\"tag\">FanDuel<\/a><\/span><span><a href=\"https:\/\/www.bitpush.news\/articles\/tag\/kalshi\" rel=\"tag\">Kalshi<\/a><\/span><span><a href=\"https:\/\/www.bitpush.news\/articles\/tag\/%e9%a2%84%e6%b5%8b%e5%b8%82%e5%9c%ba\" rel=\"tag\">\u9884\u6d4b\u5e02\u573a<\/a><\/span>                                <\/div>\n<div>\n<style>                                  <\/style>\n<div>\u76f8\u5173\u65b0\u95fb<\/div>\n<ul>\n<li><a rel=\"bookmark noopener\" href=\"https:\/\/www.bitpush.news\/articles\/7620166\" title=\"\u878d\u8d44200\u4ebf\u7684\u9884\u6d4b\u5e02\u573a\uff0c\u4e3a\u4f55\u6210\u4e86\u534e\u76db\u987f\u7684\u76d1\u7ba1\u9776\u5fc3\uff1f\" target=\"_blank\">\u878d\u8d44200\u4ebf\u7684\u9884\u6d4b\u5e02\u573a\uff0c\u4e3a\u4f55\u6210\u4e86\u534e\u76db\u987f\u7684\u76d1\u7ba1\u9776\u5fc3\uff1f<\/a> <span data=\"1773667626\" ><\/span><\/li>\n<li><a rel=\"bookmark noopener\" href=\"https:\/\/www.bitpush.news\/articles\/7620106\" title=\"\u4ece\u201c\u79d1\u5b66\u5bb6\u201d\u5230\u201c\u9884\u8a00\u5bb6\u201d\uff1aOpenClaw\u5982\u4f55\u5e2e\u4ed610\u5929\u8d5a\u523010\u4e07\u7f8e\u5143\uff1f\" target=\"_blank\">\u4ece\u201c\u79d1\u5b66\u5bb6\u201d\u5230\u201c\u9884\u8a00\u5bb6\u201d\uff1aOpenClaw\u5982\u4f55\u5e2e\u4ed610\u5929\u8d5a\u523010\u4e07\u7f8e\u5143\uff1f<\/a> <span data=\"1773666512\" ><\/span><\/li>\n<li><a rel=\"bookmark noopener\" href=\"https:\/\/www.bitpush.news\/articles\/7618031\" title=\"\u4f30\u503c\u53cc\u53cc\u98d9\u81f3200\u4ebf\uff1aKalshi \u548c Polymarket \u4e3a\u4f55\u8d70\u4e86\u4e24\u6761\u5b8c\u5168\u4e0d\u540c\u7684\u8def\uff1f\" target=\"_blank\">\u4f30\u503c\u53cc\u53cc\u98d9\u81f3200\u4ebf\uff1aKalshi \u548c Polymarket \u4e3a\u4f55\u8d70\u4e86\u4e24\u6761\u5b8c\u5168\u4e0d\u540c\u7684\u8def\uff1f<\/a> <span data=\"1773056681\" ><\/span><\/li>\n<li><a rel=\"bookmark noopener\" href=\"https:\/\/www.bitpush.news\/articles\/7615846\" title=\"\u4ece\u516c\u5f00\u6570\u636e\u4e2d\u8ffd\u8e2a\u201c\u5185\u5e55\u4fe1\u53f7\u201d\uff1aPolymarket\u9ad8\u80dc\u7387\u5730\u5740\u7684\u7b5b\u9009\u7b56\u7565\" target=\"_blank\">\u4ece\u516c\u5f00\u6570\u636e\u4e2d\u8ffd\u8e2a\u201c\u5185\u5e55\u4fe1\u53f7\u201d\uff1aPolymarket\u9ad8\u80dc\u7387\u5730\u5740\u7684\u7b5b\u9009\u7b56\u7565<\/a> <span data=\"1772463726\" ><\/span><\/li>\n<li><a rel=\"bookmark noopener\" href=\"https:\/\/www.bitpush.news\/articles\/7615813\" title=\"\u6218\u4e89\u6d88\u606f\u5982\u4f55\u62a2\u5148\u4e00\u6b65\u53d8\u6210\u767e\u4e07\u7f8e\u5143\u5229\u6da6\uff1f\" target=\"_blank\">\u6218\u4e89\u6d88\u606f\u5982\u4f55\u62a2\u5148\u4e00\u6b65\u53d8\u6210\u767e\u4e07\u7f8e\u5143\u5229\u6da6\uff1f<\/a> <span data=\"1772457370\" ><\/span><\/li>\n<\/ul><\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u4f5c\u8005\uff1aSam Schneider \u539f\u6807\u9898\uff1aWhat&#39;s Kalshi&#39;s revenue? \u7f16 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[327],"tags":[271,223,195,31,241,103,321,88,367,144,192,156],"views":52,"_links":{"self":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/747187"}],"collection":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=747187"}],"version-history":[{"count":0,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/747187\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=747187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=747187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=747187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}