Inside
@Kalshi : How a Prediction Market Hit $22B in 2 Years
65 lawyers said it couldn't be done. They sued their own regulator instead. Eight years later, Kalshi just raised $1B at a $22B valuation, and co-founders
@mansourtarek_ and
@luanalopeslara took us inside the bet that got them here.
00:00 Why prediction markets?
01:35 We sue our regulator
02:31 From Ballet to Building a $22B Company
03:19 Discipline & delayed gratification
04:20 Getting out of a comfort zone
04:56 65 Lawyers said No
05:05 Tarek's story
06:04 How the idea starts - The Trump trade
07:45 No one says it's possible
09:00 Four Years to Earn the Right to Launch
10:22 Stagnating while everyone else grew
11:53 Cutting through the noise
12:43 "Forget product-market fit"
13:28 Why we sued the regulator
14:45 We won. Then they appealed
16:43 The 4-week sprint to the election
18:03 The clearinghouse crisis
18:42 6 months of migration in one weekend
19:14 Calling the election before the media
19:31 Prediction markets vs gambling
20:51 Money where your mouth is
22:06 What "regulated" actually means
23:10 It's not just sports
24:05 The trader who studies Trump's speeches
26:40 The teacher who made $8K from source code
27:42 Hurricane markets as insurance
28:40 Where Kalshi goes next