The Economics of Kalshi
Is a prediction market just gambling in a financial suit? Kalshi CEO Tarek Mansour says no: a casino bets against you, while an exchange simply matches buyers and sellers and takes no side.
Host Ryan Bourne asks him about prediction markets' forecasting records, how businesses can use these event contracts to hedge risk, and the turf war over who regulates them, Washington or the states.
The Wisdom of Crowds: An Intro to Prediction Markets, Cato Weekly Podcast: https://www.cato.org/multimedia/cato-podcast/wisdom-crowds-intro-prediction-markets
Prediction Markets Are Not ‘Just Gambling’…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.