Kalshi executive says prediction markets are filling gap as Fed guidance fades

Prediction markets are emerging as a market signal as Fed Chair Kevin Warsh moves away from explicit forward guidance, according to Andy Ross, head of institutional at Kalshi. Ross said incoming Kalshi data offers "a vision of the value of the commons" as investors look for alternative ways to gauge macro expectations. The remarks frame prediction-market pricing as a growing reference point for traders navigating monetary policy with less direct signaling from the Federal Reserve.