Kalshi’s ‘Midterms Hub’ & SeatGeek & Serval Automate the I.T. Department 7/23/26

Squawk Pod

CNBC

Investing, Business, Business News, News

4.2 • 547 Ratings

🗓️ 23 July 2026

⏱️ 41 minutes

🔗️ Recording | Apple Podcasts | RSS

🧾️ Download transcript

Summary

Former CFTC Commissioner Brian Quintenz is now on the board of Kalshi Exchange and a senior advisor to the Coalition for Prediction Markets. The morning after Kalshi unveiled a “Midterms Hub” for election contracts, Quintenz discusses prediction markets regulation and impact on U.S. elections. AI-native IT startup Serval is helping customers like SeatGeek bring IT engineers off of IT help desks and into business units, where they can focus less on support tasks and more on big picture problem solving for the organization. Serval CEO and founder Jake Stauch and SeatGeek CEO Jack Groetzinger discuss the future of work in the age of AI. Plus, Google parent Alphabet has hiked capital expenditures, and Meta has unveiled its newest perspective on AI. Brian Quintenz - 19:00 Jake Stauch & Jack Groetzinger - 35:28 In this episode: Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

Click on a timestamp to play from that location

0:00.0	Bring in show music, please.
0:03.0	Hi, I'm CNBC producer Katie Kramer.
0:07.0	Today on Squawk Pod, our tech future.
0:10.0	First, prediction markets and the midterms.
0:13.0	Cali has rolled out a new hub for elections contracts.
0:16.0	Former CFTC Commissioner and CalShe Exchange board member Brian Quintends on the government pushback on Pree.
0:23.8	These are new markets. So I don't think it's a surprise that states are grappling with a lot of these issues from what the laws are that have been on their books for a long time.
0:33.1	Then the future of work with an AI startup trying to disrupt the IT department, Serval CEO, Jake Stouk.
0:40.3	Instead of filing a ticket and waiting for somebody to respond to that, we're actually going to automate that resolution with AI, get you back to the more meaningful parts of your job.
0:48.0	And CEO of Seatgeek Jack Gertzinger, a customer of Serval, and a believer in a more efficient use of your IT guy.
0:55.1	We see this as a way to move people from West Interested Work to more interesting work, get them focused on harder problems.
1:01.6	Those conversations plus...
1:03.6	The question, of course, is a reframe of this, the answer unto itself.
1:07.8	I'm of two minds when it comes to AI, too.
1:10.0	It is Thursday, July 23rd,
1:12.4	2026. Squawk pod begins right now. Stand Becky by in three, two, one. Cure, please.
1:20.0	Good morning, everyone. Welcome to Squawk Box right here on CNBC. We are live from the
1:25.2	NASDAQ market site in Times Square. I'm Becky Quick, along with
1:28.3	Andrew Ross Sork, and Joe is off today. Meantam, shares of Google Parent Alphabet. They are lower
1:34.2	in the pre-market this after the company reported second quarter revenue above expectations.
1:39.7	82% growth in Google's cloud business, but overall profit fell short of estimates.
1:45.0	Investors are focusing on an increased CAPEX forecast as the company invests in AI.
	...

Transcript will be available on the free plan in 24 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.