Tarek Mansour on Kalshi's Plan to Create Markets in Everything

Odd Lots

Bloomberg

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4.4 • 1.6K Ratings

🗓️ 1 October 2025

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

For over 20 years, people have been talking about prediction markets or event markets are the next big thing. But mostly, with some niche exceptions, they haven't taken off, in part due to regulatory constraints. But now they seem to be booming, and the regulatory environment has gotten much more friendly. On this live episode recorded in Chicago, we speak with Tarek Mansour, the co-founder and CEO of Kalshi, one of the prediction market platforms that's booming. One reason it's doing so well is because it's gone big into sports, which of course gets into its own regulatory thicket. In this conversation, we talk about the future of these markets, the prospect for markets other than sports and presidential elections, and Kalshi's overall plan to let its users to eventually trade everything.

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Transcript

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1:23.2	Hello, Oglads, listeners and viewers, you're about to get a conversation with Tarek, Mansoor, CEO of Kelshi.
1:25.5	This was recorded live on stage at Chicago's Untitled Supper Club. We had a blast,
1:30.8	and we hope you enjoyed the show. You're definitely having a moment. The South Park episode
1:35.5	last night was all about prediction markets. Did you watch it live? I try to avoid watching or
1:42.0	reading anything about us without kind of getting the third-party reaction before. So we didn't know because we saw the thing, like the announcement a few days ago, they're doing episode of prediction markets. And we started kind of imagining all the types of things they're going to do. It was crazy. I mean, the highlight, I think, is like they copied the app. Like, that was I mean they even had the referral
2:02.3	they even had some of the bugs we have in the app it's like it was unbelievable so but you
2:07.2	know it was it was pretty cool I mean there's a few bars I disagree with but the other that for
2:12.4	the rest I mean it really enjoyed it yeah I watched it this morning why do you think prediction
2:17.2	markets are having this
	...

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