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

Why Did DraftKings Report No Overlap With Prediction Markets?

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. On a DraftKings earnings call, the CEO said the company is seeing no cannibalization between sports betting and prediction markets, because users understand them as different products and engage with them in different ways. Both can coexist while users pick what they want.

A bar in New York used Kalshi as a hedge during a Knicks championship run so it could offer free drinks if the Knicks won. The hedge is a use a sports book does not sell in the same way.

Transcript

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

Masters of Scale

More from this episode

  1. How Did Kalshi Jump From Five to 22 Billion?Kalshi looks sudden, and Luana Lopes Lara ties the growth to eight years of work.
  2. Why Is New York Suing Kalshi for 36 Billion Dollars?A federal appeals court had just said Ohio and Tennessee can regulate Kalshi through their gambling laws.
  3. Why Does Kalshi Run an Exchange Instead of a Sports Book?Kalshi grows a lot because an exchange provides a fairer more accessible and more transparent way to trade than a sports book.
  4. Why Did Kalshi Refund the Iran Leader Bets?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…
  5. Why Do Most Kalshi Visitors Look Without Trading?A report said seventy percent of visitors to Kalshi look at the data and do not put money behind a prediction.

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