Onboarding Friction for Event Contract Platforms
Been looking more closely at event contract platforms beyond just Kalshi, exploring where else one might deploy capital. The friction point I keep running into is the onboarding process. Many of these platforms, while regulated, still feel like they're building the plane as they fly it when it comes to account creation, KYC/AML, and then linking payment methods. It's often a clunky, multi-day affair. I'm curious if others are experiencing similar bottlenecks, or if there's a specific type of platform (e.g., those backed by larger institutions vs. pure startups) that tends to have a smoother, more automated process. It's not just a time sink; it adds a layer of doubt about the underlying infrastructure and payout reliability down the line if the initial setup is such a hassle. What are your experiences?
Agree, the onboarding process for many of these platforms can be quite a hurdle. It's almost as if they're testing your commitment before you even get to place a trade. Did you find any platforms that stood out as being particularly efficient or particularly frustrating?