Kalshi Co-Founders Open Up on Suing the Feds and Ethics
Kalshi's founders discuss their legal battle, market making, agentic trading, and the ethics of prediction markets.
Kalshi co-founders Tarek Mansour and Luana Lopes Lara sat down for an extensive Q&A covering some of the most contentious topics in the prediction market space. The big ones: suing the US government, cracking the market-making problem, and navigating the ethics minefield.
Kalshi holds the distinction of being the first federally regulated prediction market in the US. That hasn't stopped the company from going toe-to-toe with regulators in court.
The interview also dives into agentic and insider trading — two areas raising serious questions as prediction markets grow in influence and sophistication. How do you police a market where automated agents and information asymmetry collide?
Mansour and Lopes Lara didn't shy away from the ethics conversation either, tackling the broader implications of betting on real-world outcomes. Prediction markets are getting bigger. The scrutiny is keeping pace.