This week on Prof G Markets, Scott Galloway and Ed Elson are joined by Tarek Mansour to break down why prediction markets are surging in popularity, and whether they’re really any different from gambling. They also explore how the company polices insider trading, the real-world use cases for these markets, and how Kalshi is navigating regulation.

Tarek Mansour is the co-founder and chief executive officer of Kalshi. Tarek began his career as a quantitative trader at Goldman Sachs and as a global macro trader at Citadel. He went on to co-found Kalshi in 2018.

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Timestamps:
00:00 Today’s number
00:22 Today’s episode
04:25 Interview with Tarek Mansour
04:34 Why are Kalshi and prediction markets so popular right now?
06:50 What are the issues that people are worried about when it comes to prediction markets and Kalshi?
09:32 What's the demographic profile of your average customer?
15:57 What would you say to that pushback?
18:03 Ad Break
18:19 Are you seeing that amount of sports prediction markets trading and does that not fit your definition of gambling?
24:19 Why does betting on the color of the Gatorade not work for you guys?
28:31 Do you think the potential for insider trading will go away organically?
35:46 Can you give us some examples of different applications of prediction markets that have not hit the mainstream yet?
38:14 Ad Break
38:32 Do you think it's reasonable for the market to assume that you can 10x again in 2026?
39:59 How will you embrace the regulation that so many tech companies throughout history have tried to shirk off?
45:03 Break
45:13 Conclusion
50:20 Credits

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