Pivot Betting on Reality with Kalshi CEO Tarek Mansour: ACCESS
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Jan 20, 2026 
Tarek Mansour, the co-founder and CEO of Kalshi, dives into the fascinating world of regulated prediction markets. He discusses the critical importance of market integrity and the company's unique no-trading policy for employees. Tarek also explores the rivalry with Polymarket, sharing insights into legal battles and competitive strategies. He argues why prediction markets may offer more accurate forecasts than traditional methods, all while emphasizing their potential to democratize hedging and harness specialized knowledge.
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Markets As Truth-Finding Tools
- Kalshi applies market mechanisms to answer real-world questions and discovers prices for uncertain events.
- Tarek argues markets can reveal truth by putting skin in the game rather than relying on polls or pundits.
Company Can't Trade Its Own Product
- Kalshi employees cannot trade on the exchange because regulation forbids operator trading.
- Tarek says this forces the team to stay extremely close to customers to build the product without dogfooding.
Keep Skin In The Game
- Preserve monetary incentives to maintain prediction markets' accuracy and deter mere opinion polls.
- Keep skin in the game to convert subjective claims into objective price signals.