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Why Is New York Suing Kalshi for 36 Billion Dollars? · Masters of Scale

Masters of Scale

Kalshi vs. Everyone: Co-Founder Luana Lopes Lara on the lawsuits and the long game

Prediction markets incentivize truth. Everything else incentivizes clickbait. That's the core argument Luana Lopes Lara makes for Kalshi — the prediction market platform she co-founded that has gone from $5 billion to $22 billion in valuation in under a year, and is now being sued by New York's attorney general for $36 billion. Luana joins Rapid Response…

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Notes

  1. How Did Kalshi Jump From Five to 22 Billion? at 3:40

    Kalshi looks sudden, and Luana Lopes Lara ties the growth to eight years of work. Full answer

  2. Why Is New York Suing Kalshi for 36 Billion Dollars? at 7:15

    A federal appeals court had just said Ohio and Tennessee can regulate Kalshi through their gambling laws. Full answer

  3. Why Does Kalshi Run an Exchange Instead of a Sports Book? at 7:31

    Kalshi grows a lot because an exchange provides a fairer more accessible and more transparent way to trade than a sports book. Full answer

  4. Why Did DraftKings Report No Overlap With Prediction Markets? at 10:29

    DraftKings and FanDuel look at Kalshi as competition even when the engine underneath works differently. The house always wins is not how an exchange works. Full answer

  5. Why Did Kalshi Refund the Iran Leader Bets? at 13:57

    Kalshi listed a contract on whether Iran's supreme leader would die or be removed from power, then had to backpedal and reimburse more than two million… Full answer

  6. Why Do Most Kalshi Visitors Look Without Trading? at 22:33

    A report said seventy percent of visitors to Kalshi look at the data and do not put money behind a prediction. Full answer

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