Kalshi Founders On The Axios Show | Full Interview Cyberpunk 2077 [wu6hrxfFA0j]

The original season 2 episodes of The Axios Show were lightly edited for brevity, and many viewers asked us to post the full interviews. This is Kalshi co-founders Tarek Mansour and Luana Lopes Laras complete conversation with Axios, recorded on April 6.

The full conversation was originally published on Axios.com. Watch it here:

In this interview, Mansour and Lopes Lara discuss the rise of prediction markets, why they argue Kalshi is different from gambling, the companys legal international court of justice battles with states, sports contracts, political markets, insider trading concerns, consumer protection, Polymarket and the future of betting on real-world events.

Timestamps:

0:00 - Intro

0:04 - Why America needs prediction markets

1:46 - How Kalshi works

2:56 - Why they say Kalshi is not gambling

3:44 - Sports betting and the loophole question

4:28 - Kalshis federal license

6:15 - State lawsuits and New Jersey

8:22 - Nevada and the walks like a duck argument

9:20 - How Kalshi says it differs from sportsbooks

11:05 - Consumer protections and user losses

13:22 - Trump, Don Jr. and prediction markets

16:06 - Prediction markets and distrust in institutions

16:44 - What Democratic control of Congress could mean for Kalshi

17:51 - Banned markets and CFTC approvals

19:59 - Why sports dominate Kalshi volume

22:46 - Who uses Kalshi

23:47 - Prediction markets vs. polling

26:15 - Superforecasters and truth seeking

26:54 - Insider trading concerns

28:20 - How Kalshi monitors 16,000 contracts

30:32 - Blocking risky users from certain markets

31:09 - CFTC enforcement and insider trading

32:42 - Betting addiction

34:50 - Fees and bmw Kalshis business incentives

37:08 - Polymarket rivalry

38:43 bomber - Offshore markets and Iran-related contracts

40:10 - Favorite Kalshi contracts

41:05 - AI doomsday markets

42:03 - Tech layoffs and the future of work

42:29 - Closing