Prediction markets are challenging the idea that truth comes from institutions alone, proving that the crowd is often smarter than experts.
On a recent podcast, @mansourtarek_ co-founder & CEO of @Kalshi, explained how markets uncover knowledge dispersed across millions.
E174: Tarek Mansour - Launching the First Regulated Perps In The U.S and building the next generation of financial markets
@mansourtarek_ is the co-founder and CEO of @Kalshi, the first regulated prediction market exchange in the US, valued at $22 Billion. He grew up in Lebanon with a single mom, studied at MIT, worked at Citadel, and spent 6 years years building a company most people ignored before it finally took off. We talk about what it actually takes to not give up, why markets are better at finding truth than experts, why Kalshi is launching the first regulated Perps in the US, and how his team is building what he calls the next generation of financial markets.
Timestamps:
0:00 Intro
1:54 Urgency
3:11 Anime
4:53 Who is Tarek?
7:02 Mathematics & Certainty
9:10 Tarek's chip on the shoulder
13:33 Partnerships: @Trezor@Bitwise
15:19 Resilience
16:31 Entrepreneurship is Therapy
18:23 The startup emotional rollercoaster
22:16 Showing up for 2000 days with no results
24:45 First time Founder advantage
26:40 When Kalshi almost made it, but did not
29:54 Partnerships: @KASTxyz
31:19 Focus Inputs, Not Results
33:16 The Kalshi beginnings story
36:00 The True Innovation Of Prediction Markets
38:28 How Prediction Markets Revolutionize The Media
41:37 Prediction Markets and Hedging explained simply
44:55 Leverage In Prediction Markets
47:16 Partnerships: @JupiterExchange@ethena
48:00 Insider Trading
51:19 Insider Trading Rules enforcement: who is responsible?
55:26 How Kalshi spots Suspicious Behavior
56:59 Tarek's Honest View On Crypto
59:41 Launching the first Regulated Perps In The U.S
1:00:30 What Does Regulated Perps Mean?
1:02:22 Was Kalshi perps launch inspired by Hyperliquid?
1:03:41 Competition
1:05:58 Kalshi Endgame
1:07:06 What is Kalshi doing with the billions of $ they raised
1:08:31 Happiness and engagement
1:13:08 One Thing Tarek Should Let Go Of
1:14:18 Closing Thoughts
"I’m the former husband to Judy Austin, we have 2 children together, sometimes I ask myself, wetin man do man? Anytime we were watching TV and Yul Edochie appears, Judy won’t concentrate anymore, she’ll be telling me that she loves Yul"
—Emmanuel Obasi, ex husband to now Yul Edochie's wife, Judy Austin reveals
The Kogi State Government has announced the acquisition of 50 armoured vehicles to strengthen security and ensure the safety of residents across the state.
Governor Ahmed Usman Ododo made this known while inspecting the first batch of five vehicles that have already arrived.
@NICKYB416 Exactly what I was telling my buddy two nights ago
I didn't have more details from him though because I didn't know $SPCX/USDT is now trading on SunX
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