
 HD in HD
 HD in HD How Kalshi Sued the U.S. Government and Won | CEO Tarek Mansour
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 Sep 25, 2025  Tarek Mansour, the co-founder and CEO of Kalshi, revolutionizes prediction markets by enabling regulated trading on real-world events. He shares his intense journey from facing legal challenges, including a historic lawsuit against the U.S. government, to ultimately winning regulatory approval. Tarek reveals how his trading background shapes his view on risk and decision-making. He discusses the power of prediction markets in improving societal rationality, emphasizing that the entrepreneurial path is about enjoying the journey rather than just reaching a destination. 
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Force Of Will Raises Entrepreneurial EV
- As a trader you price the world; as an entrepreneur you bend it with will.
- Tarek learned sheer force of will materially increases an entrepreneur's expected outcome.
Celebrate Wins To Sustain Momentum
- Celebrate wins early and often to keep team morale and momentum.
- Use rituals to mark progress because humans reset quickly after success.
Push Your Trade-Off Frontier
- Seek higher trade-off frontiers: aim for more speed with fewer errors by improving processes.
- Optimize for better risk-reward trades and push your team's execution frontier.
