In 2021, Thomas Peterffy invited Tarek to his house and offered to buy Kalshi.
At the time, Kalshi had practically no users, no volume, and zero name recognition. But Peterffy saw the vision.
Tarek and Luana turned down a potential life-changing acquisition offer.
They had deep respect for Peterffy, and the offer was serious money for what was a tiny startup. But the founders believed in Kalshi and were committed to giving it their all.
As their trusted partner and supporter, I told them to follow their heart.
Five years later, Kalshi and Interactive Brokers are business partners. These full-circle moments are truly special.
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