Kalshi’s CEO says the scrutiny his company is facing is just part of a cycle that most disruptive startups must go through. Tarek Mansour, the prediction market’s cofounder, spoke on CNBC on Monday about the lawsuits Kalshi is facing from multiple states. “I think the more interesting thing that’s at play here is that you
A White House teleprompter operator has been placed on unpaid leave following reports that he used a prediction betting platform to profit from the content of President Donald Trump’s speeches. Gabriel Perez, who has worked for Trump since his first presidential campaign, is being investigated by the U.S. Commodity Futures Trading Commission (CFTC) over allegations
Michael Burry took a break from commenting on the stock market to focus his attention on booming prediction markets like Kalshi. In short: not impressed. The investor, made famous by Michael Lewis’ crisis-era saga “The Big Short,” shared his pessimistic assessment as prediction platforms withstand criticism over how ordinary users are faring and claims that
