Mansoor: Kalshi operates a separate internal fund that trades on its exchange
Tarek Mansoor · How Kalshi Built a $2 Billion Prediction Market · Sourcery with Molly O'Shea · Feb 28, 2025 · at 48:25
Tarek Mansoor is the co-founder and CEO of prediction market Kalshi. He breaks down the company's revenue streams.
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“So we have a separate fund that trades on the exchange. They make money as well.”
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'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…”
Mansoor: Kalshi captured 7% of sports handle in its launch week
“I mean, I think we got like something like seven percent of the handle within seven days of launch which is huge. Like it's a testament to how big this could be. And I think we were fourth in handle.”
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…”