"This is the dawn of a new era for prediction markets," Kalshi's founder said. Betting markets called Trump's win weeks before the election.

Most stock markets in the Gulf ended higher on Thursday in line with global shares as investors navigated the implications of a second Donald Trump presidency.

After a U.S. appeals court ruled in October that wagering is allowed on political races, including the presidential election, Kalshi – a federally-regulated financial exchange – has seen wagers rolling in on the race between Democratic U.

Sky News host Rowan Dean says the stock market has “hit a record high” following the election of Donald Trump.