Prediction Markets vs. Gambling: Where’s the Line? — ft. Tarek Mansour

Prof G Markets

Prof G Media & Vox Media

Investing, Entrepreneurship, Business

4.3 • 1.4K Ratings

🗓️ 27 February 2026

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

Scott Galloway and Ed Elson are joined by Tarek Mansour to break down why prediction markets are surging in popularity, and whether they’re really any different from gambling. They also explore how the company polices insider trading, the real-world use cases for these markets, and how Kalshi is navigating regulation. Tarek Mansour is the co-founder and chief executive officer of Kalshi. Tarek began his career as a quantitative trader at Goldman Sachs and as a global macro trader at Citadel. He went on to co-found Kalshi in 2018. Resist and Unsubscribe Check out our latest Prof G Markets newsletter Follow Prof G Markets on Instagram Follow Ed on Instagram, X and Substack Follow Scott on Instagram Send us your questions or comments by emailing Markets@profgmedia.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Support for the show comes from VCX, the public ticker for private tech.
0:04.7	The U.S. stock market started history's greatest wave of wealth creation.
0:08.0	From factory workers in Detroit to farmers in Omaha, anyone could own a piece of the great American companies.
0:13.7	But today, our most innovative companies are staying private longer, which means everyday Americans are missing out, until now.
0:20.3	Introducing VCX, a public ticker for private tech.
0:23.9	Visit getvcx.com for more info.
0:26.5	That's getvcx.com.
0:29.0	Carefully consider the investment materials before investing,
0:31.2	including objectives, risk, charges, and expenses.
0:33.8	This and other information can be found in the funds perspective at getVcx.com.
0:38.3	This is a paid sponsorship.
0:42.5	Today is number 30.
0:44.2	That's how many additional minutes Americans spend sleeping per day compared to two decades ago.
0:49.1	True story.
0:49.7	I find that when I have a bad sunburn, it helps me sleep to take Viagra. It does nothing for the
0:55.4	pain, but the sheets no longer touch my legs. Listen to me. Markets are bigger than I.
1:03.0	What you have here is a structural change in the world distribution. Cash is trash. Stocks look
1:07.6	pretty attractive. Something's going to break. Forget about it. How are you, Ed? How are going to break. Forget about it.
1:12.1	How are you, Ed? How are you?
1:17.1	I'm doing very well. I'm here in London, and I had drinks with you last night, which was awesome.
1:23.5	You know me. I like to get to know my staff. I like to spend quality time with them.
1:27.5	We did spend some quality time. We got kicked out after about an hour.
	...

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