Henry Chandonnet/Business Insider
- I went to Kalshi’s free groceries event. The line took almost two hours.
- Attendees got $50 to spend at New York’s Westside Market, where prices were high.
- In line, most of the people I spoke to had never heard of Kalshi or predictions markets. They just wanted free food.
About an hour into my wait for Kalshi’s free groceries event, I could no longer feel my toes.
It was 30 degrees in New York with a fierce windchill, and I was in line for $50 in free groceries from a betting site. My neighbor in line kept wiping away tears.
In ultra-expensive New York, cheap groceries are hard to come by. My last bill at the Lidl in Park Slope — the most affordable grocery store in my neighborhood — was over $70. I could understand why New Yorkers bundled up at the prospect of $50 in grocery credit and waited for hours. And hours.
The prediction market is in grocery-off with Polymarket. Kalshi promised “open markets” at Westside Market — so long as you spent under $50.
With my teeth chattering, I chatted with my line-mates. Almost nobody I spoke to had heard of Kalshi. Nobody cared. They just wanted free food.
So did the marketing stunt work? It certainly drew hundreds of people — scroll on for a peek inside Kalshi’s event.
Â