Is Kalshi Gambling? The Billionaire Founder Answers | Fortune Daily
Is it a financial market, or is it gambling? The answer could be worth $36 billion.
New York's attorney general is suing Kalshi for at least $36 billion and calls the prediction market an illegal gambling operation. That's more than the company is worth. Fortune sits down with Kalshi co-founder and COO Luana Lopes Lara, a former Bolshoi-trained ballerina who went on to MIT, Bridgewater and Citadel Securities. She spent years winning approval from the CFTC, the federal regulator, and became the world's youngest self-made woman billionaire.Next, we’re joined by Editorial Director Kristin…
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