TIP458: Why Billionaire Charles Schwab Invested in Kalshi w/ Luana Lopes Lara
We Study Billionaires - The Investor’s Podcast Network
Intro
This chapter features insights from the co-founder of Kalshi on the groundbreaking concept of event trading, allowing bets on various outcomes. It also covers the regulatory challenges faced for approval by the Commodity Futures Trading Commission and highlights key motivations behind Kalshi's founding, including a significant investment from Charles Schwab.
IN THIS EPISODE, YOU'LL LEARN:
- 01:30 - What Kalshi is and why it’s a very unique company.
- 02:36 - How events trading works.
- 03:18 - What it took to get Kalshi approved by the Commodity Futures Trading Commission (or CFTC) - the first company of its kind to do so.
- 42:57 - Why Billionaire Charles Schwab personally invested in the company.
- 53:01 - Why Luana and her cofounder Tarik decided to create the company.
- And a whole lot more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
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