Atlantic Council, Kalshi, Bank of America, and Goldman Sachs Launch New Venture to Shape Global Sports Policy
The Atlantic Council, in collaboration with prediction market Kalshi, Bank of America, and Goldman Sachs executive John F.W. Rogers, is establishing the Power of Sports Center. This new organization aims to strategically elevate the importance of policy and statecraft involving sports on a global scale. The initiative will convene world leaders, business executives, investors, league officials, and athletes to develop practical ideas and harness the power of sports for positive impact. Kalshi plans to utilize its prediction markets to measure the impact of major sports events such as the Olympics, F1, the Super Bowl, and the World Cup, supporting the Center's efforts. Other initial founders include Atlantic Council Executive Vice Chair Adrienne Arsht, Limak Holding, and Super Technologies. This partnership comes as Kalshi faces scrutiny regarding its rapid growth and accusations of fueling gambling culture, with recent reports from the Wall Street Journal highlighting unusual trading activity on its platfo...