E174: Tarek Mansour, Kalshi CEO: Why Prediction Markets Are the Future of Investing
When Shift Happens PodcastShow Notes
Tarek Mansour is the co-founder and CEO of Kalshi, the largest federally regulated prediction market exchange in the US - valued at $2 billion and backed by some of the world's top investors.
THE SHIFT NEWSLETTER 💡Go beyond the mic - subscribe to The Shift, my new weekly newsletter where I share the uncut stories, raw takes, and behind-the-scenes notes from When Shift Happens: https://www.kevinfollonier.com/crypto-web3-newsletter ___________ PARTNERS 🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/ 💳 KAST lets you manage and spend stablecoins or crypto with a Visa Card or Apple Pay. Live in 100+ countries - Get $20 Signup Bonus - https://go.kast.xyz/VqVO/SHIFT - promo code: SHIFT 🔓 Trezor offers the safest cold-storage wallets for crypto and true financial independence. Buy with 10% off - promo code: WSH10 - https://affil.trezor.io/SH12h 🌱 Bitwise Asset Management manages $15B+ across 30+ crypto investment products — ETFs, index funds, alpha, staking, and more. https://bitwiseinvestments.com/ ⚖️ Ethena is a synthetic dollar protocol on Ethereum, offering a crypto-native, non-bank-dependent stablecoin called USDe. It uses a delta-neutral hedging strategy with staked ETH to maintain a $1 peg. https://ethena.fi/ 🔒Sumsub is the leading full-cycle verification platform for the crypto industry, chosen by 8 out of 10 of the world’s largest exchanges. From instant KYC and KYB to automated crypto transaction monitoring, they help VASPs, exchanges, and DeFi platforms prevent fraud, stay compliant, and scale globally. Download the Sumsub Crypto Industry Report 2026 here: https://sumsub.link/osb ♾️ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. https://www.coinsilium.com ___________ CONNECT WITH TAREK MANSOUR👇 Twitter: https://x.com/mansourtarek_Twitter: https://x.com/Kalshi Website: https://kalshi.com/
FOLLOW WHEN SHIFT HAPPENS Twitter (X): https://x.com/KevinWSHPod Instagram: https://www.instagram.com/kevinfollonier_ Linkedin: https://www.linkedin.com/in/kevinfollonier/ Website: https://kevinfollonier.com/ DISCLAIMER The info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome.
0:00 Introduction 3:11 Where The Anime Passion Comes From 4:01 How Tarek Is Doing 4:53 Who Is Tarek 7:02 Which Version Of Uncertainty Is Tarek A Fan Of 9:10 Where Tarek’s Fire In The Belly Comes From 13:33 Partnerships: @Trezor @BitwiseInvest 14:20 What Tarek’s Brother Does 15:19 Why Tarek’s Resilience Is Crazy 16:31 Why Is Entrepreneurship Like Therapy 22:16 Is Tarek Mad, Crazy, Or In Denial 24:45 Would Tarek Have Ever Given Up Earlier? 29:54 Partnerships: @KASTxyz @sumsub 31:19 How To Focus On Inputs, Not Results 33:16 When Did Kalshi Come Into Existence 36:00 What’s The True Innovation Of Prediction Markets 38:28 How Prediction Markets Revolutionize The Media 43:47 How Are Prediction Markets A Better Insurance 44:55 Why Is There No Leverage In Prediction Markets 47:16 Partnerships: @JupiterExchange @Ethena 48:00 Tarek’s Opinion On Insider Trading 51:19 Who Enforces The Insider Trading Rules 55:26 How Kalshi Surveys Suspicious Behavior 56:59 Tarek’s Honest View On Crypto 59:41 Why Kalshi Is Launching Regulated Perps In The U.S 1:00:30 What Does Regulated Perps Mean? 1:02:22 Was Kalshi Inspired By HyperLiquid 1:03:41 How Much Time Does Tarek Look At Competition 1:05:58 What’s The Endgame For Kalshi 1:07:06 What Does Tarek Do With A Billion Dollars 1:08:31 Is Tarek Happy 1:13:08 One Thing Tarek Should Let Go Of 1:14:18 Closing Thoughts
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