Tarek Mansoor, co-founder and CEO of Kalshi, shares early volume numbers after Kalshi launched sports prediction contracts around the Super Bowl.
Assertion Contradicted
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…”
Prediction Not checkable as stated
Mansoor: Prediction markets could become bigger than the stock market
“I think it could just look like the stock market, maybe even bigger.”
Disclosure
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.”
Disclosure
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.”
Insight
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…”
Insight
Mansoor: The difference between finance and gambling is natural risk
“The difference is actually about whether the underlying thing, like the thing that you're actually engaging in, has actually some sort of economic, social, cultural relevance outside of the act of placing the trade, right? Like, and so, so it's like, is it art…”