Gold and silver saw a historic selloff on Friday, January 30, 2026, driven by a sharp macro reversal and amplified by higher COMEX margin requirements. What began as a reaction to firmer yields and a stronger US dollar quickly turned into forced deleveraging in crowded futures positions, with silver absorbing the bulk of the damage.

Kalshi is the first fully regulated U.S. exchange built for trading real-world events — from inflation levels to policy decisions. In this blog, we explore what Kalshi is, who founded it, why it’s dominating financial headlines, and what event markets mean for traders looking to hedge macro risk with more precision.