Asahi shares mark weekly slide after cyberattack halts production
Investing.com -- Kalshi CEO Tarek Mansour appeared on Bloomberg’s Odd Lots podcast to discuss the company’s growth and the significance of prediction markets.
During the podcast, Mansour emphasized the potential scale of prediction markets, stating that "a financial market that prices questions about the future... could be the largest of them all because the largest number of people will care." He added that pricing events like Brexit or election outcomes could be "at least as important, if not more" than pricing company shares.
Mansour highlighted Kalshi’s market-based approach as superior to traditional sportsbook models. "The odds are better, anyone can be a price bidder, they don’t have to be a price taker," he explained. According to Mansour, this results in a more balanced outcome where the percentage of users who lose on Kalshi is "closer to 50/50" compared to traditional sportsbooks.
Regarding regulatory matters, Mansour described Kalshi’s strategy as "legal and regulate first, always do it within the bounds and expand the bounds." He specifically addressed sports betting, stating that while the Commodity Futures Trading Commission (CFTC) has oversight, states cannot intervene due to federal preemption, putting the company on "extremely strong legal footing."
Founded in 2018, Kalshi positions itself as the industry leader in prediction markets, providing real-time information on event probabilities. The company has been credited with legalizing event contracts and building a regulated platform for American traders.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.