Highlight Clip Kalshi Founder: All Financial Innovation Was Initially Seen as Gambling On April 9, 2026, Tarek Mansour, founder of Kalshi, responded to questions on whether prediction markets constitute gambling in an interview with Axios.
Highlight Clip Kalshi Founder: All Financial Innovation Was Initially Seen as Gambling On April 9, 2026, Tarek Mansour, founder of Kalshi, responded to questions on whether prediction markets constitute gambling in an interview with Axios. He stated that all types of financial innovation were regarded as gambling at their inception, with the stock market during the South Sea Bubble and grain futures in the early 20th century both facing similar controversies, and society eventually recognized their multiple values beyond speculation.
Tarek Mansour argued that gambling and speculation should be precisely defined, and prediction markets should not be simply equated with gambling. — link