New York Mets’ Jacob deGrom pitches against the Miami Marlins during the sixth inning of a baseball game on April 3, 2019.Jim Rassol | Associated Press

Newsletter: Two MIT alums place a big bet on their start-up - Bettors Insider, Vol. 1, No. 39 (April 4, 2019)

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Two MIT alums place a big bet on their start-up

In every newsletter, we half-jokingly look for an out-of-the-box bet to go under the headline "Because you can bet on anything..."

But if a new start-up has its way, you will actually be able to bet on anything.

Forbes reports on Kalshi, the brainchild of recent MIT alums Tarek Mansour and Luana Lara, who hope to set up a worldwide network in which users can post questions which seek a predicted outcome and other users can bet on the outcome. With actual money. The questioner gets a piece of the loser cash.

While it's likely to fly in less-regulated foreign countries, the company believes it will be able to win approval of U.S. regulators. if that's the case, a user may one day be able to bet on how many 100-degree days Philadelphia will have in August or whether the next Quentin Tarantino movie will gross $100 million. And not only will you be able to wager on whether a member of the British royal family will give birth to a boy or girl, you'll be able to pose the question for your extended family as to whether your Cousin Ilene will. The possibilities are literally endless.

For more, check out Forbes.

Because you can bet on anything . . .

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Bettor Bits

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NBA Fantasy star value of the night

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MLB Fantasy Stars of the night

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Today's Schedule

Overnight - How we fared on Wednesday.
10 am - Andrew Albert 's baseball picks.
10 am - Robert Mims' thoughts on the Final Four.
10 am - Boop Single Digits (BoopStats for the digital attention span) (Single Digits will also give you an early peek at Boop's Quickie Quiz, which posts at noon on Twitter @BoopStats.)
11 am - Sean Miller's soccer picks of the day.
Noon - Chris Garrity's thoroughbred racing picks of the day.
Noon - RT's thoroughbred racing picks of the day.
Noon - Alan Mitchell's harness racing picks of the day.
1 pm - 5 pm - Craig Dietel's NHL and Greg Frank's NBA picks. Plus Neal Abrams' tennis picks.
6 pm - Boop's Philly Props.

Wednesday Results

The big winner yesterday was again Sean Miller, who went 11-0-1 with his soccer predictions. That's a good day by any bettor's standards. Neal Abrams went 4-2 picking women's tennis at the Volvo Car Open and RT picked a trifecta at Penn National. Team sport plays all did okay. With a limited slate, Craig Dietel won his only NHL pick.

We'll try to do even better today...

Good luck at the tables, windows, kiosks and apps.