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True Markets Raises $11M in Series A, Launches Mobile-First DeFi Trading App on Solana

Prediction market platform Kalshi is partnering with Elon Musk’s artificial intelligence startup, xAI, to provide tailored insights for users making bets on real-world events. The collaboration aims to enhance Kalshi’s event-based derivatives marketplace by integrating xAI’s models, which are trained on data from Musk’s social platform X. These models will help Kalshi synthesize news and historical data, providing traders with real-time context around topics ranging from central bank rate decisions to political races, according to a Bloomberg report . “There’s deep alignment between prediction markets, social media and AI. Prediction markets capture what people know — AI scales what people can know,” Kalshi CEO Tarek Mansour said in a statement per Bloomberg. Both companies say they are investing significant engineering resources into the initiative. The move comes as Kalshi gains traction among retail and political bettors, bolstered by a recent deal with Robinhood Derivatives to integrate prediction markets into the Robinhood trading app. That integration, announced in March, will begin with markets focused on politics, economic data, and sports. The partnership also highlights the overlapping political affiliations of the two companies. Kalshi counts Donald Trump Jr. as a strategic adviser and had former CFTC commissioner Brian Quintenz on its board. xAI, meanwhile, has tapped Kalshi’s former general counsel to lead regulatory strategy at Musk’s Department of Government Efficiency. Musk’s xAI also made headlines this week by announcing that Microsoft Azure will host its flagship Grok models, further expanding its reach in the AI space. The collaboration with Kalshi adds another use case for AI in financial and betting markets, especially as regulators watch both sectors closely.

Composability is often confined within DeFi. imo @Mantle_Official takes it a level higher with its E2E fin. stack from infra → application layer: Mantle L2 (base ecosystem) → Asset Layer ( $mETH, $FBTC) → App Layer (MI4, Mantle Banking) This maximises the potential of what 'composability' can offer & in this case: DeFi primitives with real distribution into CeFi & TradFi. That’s the real full potential unlock.

1/ On Bitcoin programmability: Over the past year, we’ve seen a quiet but powerful progression on Bitcoin L1. Ordinals → Runes → (Now) Alkanes What began as asset expression (NFTs, tokens) is now evolving into a more expressive, app-based primitive. Insights🧵👇

9/ Now, the use-case space essentially transitioned to a native full-app layer: 1. Contracts are fully customisable 2. Any state is verifiable & indexer-executable 3. Callback logic is possible 4. Contracts can call, delegate & upgrade each other With such capabilities, we're talking about: 🔸 Native tokens w/ custom logics 🔸 Composable DeFi apps 🔸 DAO governance 🔸 (Re)staking primitives All implemented natively without the need for sidechains.