Kalshi, the federally regulated, New York-based prediction market, and Housing Works, a New York City nonprofit providing healthcare, housing assistance, and job training, today announced a multi-year, $3 million partnership to expand access to quality healthcare, fuel workforce development, and strengthen community services for thousands of New Yorkers in need.
More than 500,000 New York City residents are without health insurance, and that number is expected to grow over the next 18 months. The centerpiece of the partnership is the expansion of the 125th Street Health Center, Housing Works' flagship clinic in East Harlem. The expansion will allow the center to serve more patients, ensure continuity of care for New Yorkers most at risk of losing coverage, and strengthen its ability to provide comprehensive, patient-centered services to anyone who walks through its doors, regardless of their ability to pay.
"This is the largest charitable gift in Housing Works' history. We are proud that a New York-based company has chosen to invest in New York communities at a moment when the need for healthcare, workforce opportunities, and supportive services continues to grow," said Matthew Bernardo, President of Housing Works. "This partnership will help protect and expand services that thousands of New Yorkers rely on every year.”
Kalshi's investment will also expand Housing Works' vocational and job training program, Ready for Work, which equips participants with the skills, experience, and support to find stable work, creating a path from crisis care to long-term economic stability. Beyond direct funding, the partnership will use Housing Works' neighborhood retail locations as community touchpoints, turning familiar storefronts into platforms for outreach and engagement.
"We built Kalshi in New York, and this city has given us so much,” said Kalshi CEO Tarek Mansour. “Our first office was right next to the Housing Works Bookstore Cafe in SoHo, and over the years we learned that Housing Works provides healthcare, housing, and job training for New Yorkers who need it. These are our neighbors. This is a city where two people in a small apartment can build a company, and it must be a city where everyone gets a fair shot. Being the financial capital of the world and taking care of your people aren't mutually exclusive. New York can and will do both, and we intend to do our part."
Both organizations are committed to transparency, measurable outcomes, and ongoing community engagement to support NYC's most historically under-resourced communities.
