Most Innovative Companies Will Prediction Markets Be Bigger Than the Stock Market?
Jan 8, 2026
Andrew Ross Sorkin, a renowned journalist and author, shares insights from his book '1929,' drawing parallels between the financial crises of the past and today. He discusses the importance of regulation and transparency in today's market landscape. Luana Lopes Lara, co-founder of Kalshi, elaborates on the innovative prediction markets, their regulatory journey, and a unique partnership with CNN that reinforces market data as reliable forecasts. They explore the potential growth of prediction markets and their ethical safeguards, contrasting them with traditional financial systems.
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History Mirrors Today's Market Mania
- Historical patterns often repeat and illuminate present-day risks in finance and tech.
- Andrew Ross Sorkin says 1929's dynamics mirror today's AI bubble, gamified trading, and crypto mania.
Debt And Opacity Fuel Crises
- Debt repeatedly acts as the ignition for major financial crises across eras.
- Sorkin also flags lack of transparency in new products as a recurring fragility factor.
Require Disclosure For New Financial Products
- Demand transparency and disclosure when new financial products scale rapidly.
- Treat novel instruments like SPACs with guardrails before broad adoption, Sorkin warns.
