TIP458: Why Billionaire Charles Schwab Invested in Kalshi w/ Luana Lopes Lara

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Business, Education, Investing

4.6 • 3.6K Ratings

🗓️ 19 June 2022

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU'LL LEARN: 01:30 - What Kalshi is and why it’s a very unique company. 02:36 - How events trading works. 03:18 - What it took to get Kalshi approved by the Commodity Futures Trading Commission (or CFTC) - the first company of its kind to do so. 42:57 - Why Billionaire Charles Schwab personally invested in the company. 53:01 - Why Luana and her cofounder Tarik decided to create the company. And a whole lot more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Kalshi's Website. Trey Lockerbie Twitter. Check out our favorite Apps and Services. New to the show? Check out our We Study Billionaires Starter Packs. Our tool for picking stock winners and managing our portfolios: TIP Finance Tool. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Daloopa Sound Advisory Tastytrade Public Connect Invest Onramp Found American Express BAM Capital Fundrise Vanta HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to TI-P.
0:03.2	My guest today is Luana Lopez-Lara, the co-founder of CalShi.
0:07.9	CalShi is the first federally regulated exchange where you can trade yes or no on the outcome
0:12.8	of events.
0:13.8	And I don't just mean financial or economic events.
0:16.8	You're about to see what I mean.
0:18.3	In this episode you will learn what CalShi is and why it's a very unique company, how
0:22.2	events trading works, what it took to get CalShi approved by the commodity futures trading
0:26.9	commission or CFTC, the first company of its kind to do so, why billionaire Charles Schwab
0:32.3	personally invested in the company, why Luana and her co-founder Tariq decided to create
0:36.7	the company in the first place and a whole lot more.
0:39.4	We don't often discuss things like commodity or derivative trading on this show so it was
0:43.1	a big learning lesson for me.
0:44.6	I suspect you'll find CalShi to be very interesting regardless of what style investor you are.
0:49.3	So without further ado, here's my conversation with Luana Lopez-Lara.
0:57.1	You are listening to the Investors Podcast where we study the financial markets and read
1:02.2	the books that influence self-made billionaires the most.
1:05.4	We keep you informed and prepared for the unexpected.
1:17.6	Welcome to the Investors Podcast, I'm your host, Tray Lockerby and today we have a very
1:21.3	special guest, Luana Lopez-Lara, the co-founder of CalShi.
1:26.4	Welcome to the show, Lara.
1:28.0	Thank you so much, I'm super excited to be here.
	...

Please login to see the full transcript.

Previous episode | Next episode

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

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