Public is launching AI trading agents that execute automated strategies on prediction markets through a partnership with Kalshi. The New York-based investing app allows users to instruct AI agents to trade on real-world events or use prediction market data to inform broader portfolio decisions. Users set a strategy and the AI converts it into fixed rules, ranging from sending alerts when odds change to automatically buying or selling investments. The agents can monitor markets continuously and execute strategies investors might not physically manage themselves. Public must approve all rules before agents can act. The platform aims to prevent unintended trades by converting requests into visual plans requiring user review before activation as fixed code. The product targets active, self-directed investors wanting to track events affecting portfolios, such as Federal Reserve rate decisions or regulatory approvals. Public, founded in 2019 and backed by Accel and Tiger Global, manages billions in assets across millions of users.

PitchBook has valued prediction market startup Kalshi at $30.4 billion based on expected 2028 adjusted earnings, with scenarios ranging from $22.8 billion in a bear case to $42.1 billion in a bullish scenario. The research firm forecasts Kalshi's revenue will reach $6.4 billion by 2030. The company raised $1 billion in a Series F round in May at a $22 billion valuation. However, its business model faces significant uncertainty from pending Supreme Court litigation over whether its sports offerings constitute unlicensed gambling. Sports currently account for 69.9% of Kalshi's event fees, rising to 82.4% when including exotic bets. PitchBook estimates an adverse Supreme Court ruling could remove $1.4 billion from 2030 forecasts. The report suggests Kalshi maintains a competitive edge over rival Polymarket through partnerships with platforms like Robinhood and market makers like Susquehanna.