"Speaking on stage at the Citadel Securities Future of Global Markets Conference, the moderator Molly O'Shea asked, "Tarek, you've mentioned multiple times that you think prediction markets will be bigger than the stock market. What is it going to take to become a $1 trillion asset class?" In response, Mansour said, "You know, 'Kalshi' is 'everything' in Arabic. The long-term vision is to financialize everything and create a tradeable asset out of any difference in opinion." The market impact of a "general-purpose exchange" capable of settling differences of opinion, he added, would be "quite massive.""
"With the launch of Kalshi in 2018, and its main competitor Polymarket in 2020, prediction markets have gone mainstream in a major way. The potential for making profit by owning the market where every opinion and event is financialized also explains why Kalshi has just raised another $1 billion in its third fundraising round this year alone. Investors are hungry for new ways to take advantage of the explosive rise of gambling, technologies that create addictive behavior loops, and economic conditions where people are desperate enough to bet their rent money on if Trump will release the Epstein Files."
"Kalshi sits between Las Vegas and Wall Street. A platform like FanDuel helps you gamble on every aspect of a game, and a platform like Robinhood helps you day-trade with complex options-all while sitting on your couch. Kalshi is designed to take this same logic and apply it to everything imaginable."
Kalshi is a prediction market launched in 2018 that enables bets on sports, politics, culture, weather, and more. Cofounder Tarek Mansour articulates a vision to "financialize everything" and create tradeable assets from differences of opinion, aiming for a general-purpose exchange with massive market impact. Kalshi and Polymarket have helped bring prediction markets mainstream. Significant investor funding reflects appetite to profit from financialized opinions and gambling-style engagement. The platform positions itself between gambling apps and retail trading, applying betting logic and tradable markets to a broad range of human events.
Read at Fast Company
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