Kalshi CEO Tarek Mansour on Raising $1BN, CNN and CNBC Deals & the Polymarket Feud

Harry Stebbings interviews Tarek Mansour, CEO of Kalshi, about the company's recent $1 billion raise and $11 billion valuation. Tarek explains the need for the funding, citing rapid growth and a shift in consumer behavior towards active participation in prediction markets. They discuss Kalshi's strategy, competition with Polymarket, and the company's approach to brand building, including partnerships with CNN and CNBC. Tarek shares insights on resilience, leadership, and the importance of regulatory compliance, while also addressing concerns about the financialization of events and the emotional maturity of young founders. The conversation covers Kalshi's mission to bring truth to various processes and the balance between product development and marketing.