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Tarek Mansour

Co-founder & CEO, Kalshi

Built Kalshi, the federally regulated exchange for event contracts, with co-founder Luana Lopes Lara.

Real Alpha has cut 12 moments of Tarek Mansour (Co-founder & CEO, Kalshi) talking, from 2 interviews on Training Data and Prof G Markets, the latest published Jul 9, 2026.

What Tarek Mansour said

  1. Training Data ·

    Kalshi's Tarek Mansour: Chaos by Design

    7 moments · 26 min

    1. 42:48

      Kalshi sued its regulator because the upside outweighed the risk

      “The best poker players, they know when they're playing a good hand and they're okay with the variance.”
      at 44:21
    2. 20:36

      Founders should own the company’s biggest problem

      “one where the ceo or the founders are straight up staring at the hole all day every day”
      at 21:34
    3. 35:16

      Marketing works best when it meets the moment

      “we were waiting for the perfect moment because then that's when you get the 100x outcome, right?”
      at 37:52
    4. 51:35

      Kalshi uses account limits to reduce risky trading

      “one of the things we create is a parent portal where moms and parents can give us their ID and tell us don't let anyone else use it.”
      at 58:23
    5. 16:46

      Kalshi shifts its focus as customer demand changes

      “now we have to go back to focus on the direct and like really scale that now that we have an extremely liquid ecosystem”
      at 19:04
    6. 24:37

      Kalshi prioritized regulation before broad adoption

      “move fast and break things and figure out how to regulate later like not in financial services”
      at 25:29
    7. 28:29

      Decide whether the idea is worth the opportunity cost

      “it's a career, right? It doesn't end. You have all sorts of different issues over time.”
      at 30:14
  2. Prof G Markets ·

    Prediction Markets vs. Gambling: Where’s the Line? | Prof G Markets

    5 moments · 24 min

    1. 22:00

      Prediction markets can improve forecasts when trading is informed

      “it's more accurate than Fed funds for forecasting Fed decisions. It's more accurate than any other like survey”
      at 26:10
    2. 29:55

      Insider trading can destroy trust even when it improves prices Pro pick

      “if you let insider trading kind of go loose people stop trusting the market”
      at 30:30
    3. 35:43

      Prediction markets can hedge risks insurers struggle to price

      “They're buying a hedge against hurricanes hitting their city. And it's super interesting because historically”
      at 36:05
    4. 12:29

      Kalshi says its fee model avoids sportsbook loss incentives

      “Like when you go to a casino or you go to, you know, a traditional sports book, the revenue of that company is equal to the customer's losses.”
      at 12:48
    5. 41:34

      Kalshi spent four years getting regulated before launch

      “So we spent four years getting regulated before we launched a single product.”
      at 43:28

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