Kalshi, a prediction market, is investing $2.4 million over three years in New York public schools through a partnership with digital learning product developer Everfi. The initiative aims to educate students on healthy engagement with social media and artificial intelligence, and will also feature a STEM career-readiness curriculum focused on data science, healthcare, software development, and advanced manufacturing.
This move comes as New York Attorney General Letitia James and state regulators are engaged in a legal battle with Kalshi, alleging the company is circumventing state gambling laws. James sued Kalshi for $36 billion in July, accusing the platform of running an illegal operation by facilitating its event contracts. A similar lawsuit was filed against another prediction market, Polymarket, the following month.
"Our hope is simple: to open the door for the next generation of innovators," said Kalshi CEO Tarek Mansour in a statement. "Growing up in Lebanon, math was always my anchor—it is what fueled my decision to study at MIT and later co-found Kalshi. But today, far too few students have access to education that helps them explore future STEM careers."
Everfi's digital curricula are currently used in over 100 New York public schools. "We're investing in updated learning experiences that help students think critically about the information they encounter online, build healthy digital habits, and discover pathways to careers in high-growth STEM fields," stated Elizabeth Figoni, Senior Vice President at Everfi.
Last month, Kalshi also made a $3 million charitable donation to Housing Works for a healthcare clinic in East Harlem. The Attorney General's office has described Kalshi as an "illegal operation," asserting that prediction markets are fundamentally gambling platforms that harm New Yorkers by ignoring state laws.