Tarek Mansour - Co-Founder & CEO, Kalshi

It was a great honor to host an Icons dinner with Tarek Mansour, co-founder and CEO of Kalshi - the first legal and largest prediction market in the US. Kalshi has built an entirely new class of financial markets, fundamentally changed the way we perceived and predict the future, most notably the election, and provided a textbook example for how a company can take on the government and win (against all odds).

Thanks so much for sharing your insights with us, Tarek! Key takeaways below:

Tarek predicts that $100B-$1T will be wagered on the 2028 US Presidential Election.

Kalshi is the future of information and news. Kalshi has built a next-generation news source that democratizes information. By incentivizing knowledgeable market participants to trade on events they view as mispriced, Kalshi brings to light hidden information and helps elucidate what will actually happen in the future.

Kalshi is the first company in recent history to take on the federal government and win. Tarek and Luana recognized that getting regulatory approval upfront was critical for their ambition of building the largest financial market on the planet. It was hard, but necessary.

The best people like to work towards very ambitious visions and important missions. Kalshi has built a world-class team by hiring a mix of missionaries and founders. Tarek talks about how the boldness and riskiness of what they are trying to achieve was actually a feature, not a bug for recruiting top talent.