Mansoor: Kalshi has raised nearly $110M from Sequoia, Schwab, and Kravis
Tarek Mansoor · How Kalshi Built a $2 Billion Prediction Market · Sourcery with Molly O'Shea · Feb 28, 2025 · at 14:36
Tarek Mansoor is the co-founder and CEO of Kalshi, a CFTC-regulated prediction market. He outlines Kalshi's total funding raised and prominent institutional and angel investors.
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“It's raised close to 110. We, I mean, the main investor, Sequoia, YC Schwab Kravis and I mean, a bunch of others.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Tarek Mansoor
Mansoor: Kalshi's federal regulation allows sports trading across all 50 states
“It's the first time that sports, like, trading on sports is actually legal in all 50 states. Because we are regulated by the, you know, by the feds, like, at the federal level, not state by state. And the federal regulation, like, the law actually supersedes s…”
Mansoor: Prediction markets could become bigger than the stock market
“I think it could just look like the stock market, maybe even bigger.”
Mansoor: Kalshi operates a separate internal fund that trades on its exchange
“So we have a separate fund that trades on the exchange. They make money as well.”
Mansoor: Kalshi's board opposed suing the government over election markets
“Like, the board was like, this is a bad idea. And we did it.”
Mansoor: Prediction markets need federal regulation to access Wall Street liquidity
“If we wanted this to be, to get, be on a certain set of scale without regulators, like shutting it down or like having it has to be regulated. And two is like any financial market, you have to be able to work with the brokers, like the Schwab's of the world, t…”