# Tarek Mansour

Markdown copy of https://realalpha.app/people/tarek-mansour/ on Real Alpha, the best minutes from long interviews with the people building AI. Cite and link the page, not this copy.

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.

- Role: Co-founder & CEO, Kalshi
- About: Built Kalshi, the federally regulated exchange for event contracts, with co-founder Luana Lopes Lara.
- On X: https://x.com/mansourtarek_

## What Tarek Mansour said

### Growth · 3

- [Marketing works best when it meets the moment](https://realalpha.app/s/marketing-works-best-when-it-meets-the-moment/)
  Training Data · Jul 9, 2026 · 3 min
  > “we were waiting for the perfect moment because then that's when you get the 100x outcome, right?” — Tarek Mansour · [37:52](https://realalpha.app/v/l_Boz3KRtBQ/?t=2272)
- [Kalshi shifts its focus as customer demand changes](https://realalpha.app/s/kalshi-shifts-its-focus-as-customer-demand-changes/)
  Training Data · Jul 9, 2026 · 3 min
  > “now we have to go back to focus on the direct and like really scale that now that we have an extremely liquid ecosystem” — Tarek Mansour · [19:04](https://realalpha.app/v/l_Boz3KRtBQ/?t=1144)
- [Kalshi prioritized regulation before broad adoption](https://realalpha.app/s/kalshi-prioritized-regulation-before-broad-adoption/)
  Training Data · Jul 9, 2026 · 2 min
  > “move fast and break things and figure out how to regulate later like not in financial services” — Tarek Mansour · [25:29](https://realalpha.app/v/l_Boz3KRtBQ/?t=1529)

### Company histories · 2

- [Kalshi sued its regulator because the upside outweighed the risk](https://realalpha.app/s/kalshi-sued-its-regulator-because-the-upside-outweighed-the/)
  Training Data · Jul 9, 2026 · 5 min
  > “The best poker players, they know when they're playing a good hand and they're okay with the variance.” — Tarek Mansour · [44:21](https://realalpha.app/v/l_Boz3KRtBQ/?t=2661)
- [Kalshi spent four years getting regulated before launch](https://realalpha.app/s/kalshi-spent-four-years-getting-regulated-before-launch/)
  Prof G Markets · Feb 27, 2026 · 3 min
  > “So we spent four years getting regulated before we launched a single product.” — Tarek Mansour · [43:28](https://realalpha.app/v/J31lDCBRZgg/?t=2608)

### More · 7

- [Founders should own the company’s biggest problem](https://realalpha.app/s/founders-should-own-the-companys-biggest-problem/)
  Training Data · Jul 9, 2026 · 3 min
  > “one where the ceo or the founders are straight up staring at the hole all day every day” — Tarek Mansour · [21:34](https://realalpha.app/v/l_Boz3KRtBQ/?t=1294)
- [Kalshi uses account limits to reduce risky trading](https://realalpha.app/s/kalshi-uses-account-limits-to-reduce-risky-trading/)
  Training Data · Jul 9, 2026 · 8 min
  > “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.” — Tarek Mansour · [58:23](https://realalpha.app/v/l_Boz3KRtBQ/?t=3503)
- [Decide whether the idea is worth the opportunity cost](https://realalpha.app/s/decide-whether-the-idea-is-worth-the-opportunity-cost/)
  Training Data · Jul 9, 2026 · 3 min
  > “it's a career, right? It doesn't end. You have all sorts of different issues over time.” — Tarek Mansour · [30:14](https://realalpha.app/v/l_Boz3KRtBQ/?t=1814)
- [Prediction markets can improve forecasts when trading is informed](https://realalpha.app/s/prediction-markets-can-improve-forecasts-when-trading-is/)
  Prof G Markets · Feb 27, 2026 · 7 min
  > “it's more accurate than Fed funds for forecasting Fed decisions. It's more accurate than any other like survey” — Tarek Mansour · [26:10](https://realalpha.app/v/J31lDCBRZgg/?t=1570)
- [Insider trading can destroy trust even when it improves prices](https://realalpha.app/s/insider-trading-can-destroy-trust-even-when-it-improves/)
  Prof G Markets · Feb 27, 2026 · 6 min
  > “if you let insider trading kind of go loose people stop trusting the market” — Tarek Mansour · [30:30](https://realalpha.app/v/J31lDCBRZgg/?t=1830)
- [Prediction markets can hedge risks insurers struggle to price](https://realalpha.app/s/prediction-markets-can-hedge-risks-insurers-struggle-to/)
  Prof G Markets · Feb 27, 2026 · 3 min
  > “They're buying a hedge against hurricanes hitting their city. And it's super interesting because historically” — Tarek Mansour · [36:05](https://realalpha.app/v/J31lDCBRZgg/?t=2165)
- [Kalshi says its fee model avoids sportsbook loss incentives](https://realalpha.app/s/kalshi-says-its-fee-model-avoids-sportsbook-loss-incentives/)
  Prof G Markets · Feb 27, 2026 · 6 min
  > “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.” — Tarek Mansour · [12:48](https://realalpha.app/v/J31lDCBRZgg/?t=768)

## The 2 episodes

- [Kalshi's Tarek Mansour: Chaos by Design](https://realalpha.app/v/l_Boz3KRtBQ/) · Training Data · Jul 9, 2026
- [Prediction Markets vs. Gambling: Where’s the Line? | Prof G Markets](https://realalpha.app/v/J31lDCBRZgg/) · Prof G Markets · Feb 27, 2026