Kalshi's prediction market has significantly outperformed Wall Street consensus in forecasting the Consumer Price Index (CPI), according to a report by Kalshi Research. The market-based forecasts demonstrated a 40.1% lower average absolute error compared to consensus estimates. Notably, during major inflation shocks, Kalshi's error rate was 50% lower one week before data release and 60% lower the day before. The report also noted that when Kalshi's predictions diverged from consensus by more than 0.1 percentage points, the likelihood of a shock increased to 81.2%. These findings underscore the potential of prediction markets not only for CPI forecasting but also for predicting Bitcoin prices in volatile market conditions.