This 29-year-old is worth $15b and wants you to bet on everything
The co-founder of America’s biggest predictions market on the “wisdom of the crowd”, political polarisation – and the company’s adviser, Donald Trump jnr.
Kalshi founders Luana Lopes Lara and Tarek Mansour began their careers at investment banks and hedge funds.
Oliver Roeder
Tarek Mansour believes deeply in prediction markets – or so he tells me again and again. He says they will, variously, play the role of modern oracle, innovative asset, public educator, new journalism and political saviour. At the moment, however, most of the money flowing through them is gambling on American football.
“We’re making the world a little bit smarter about the future, and I think that’s a very valuable thing to build,” Mansour says. “It’s not something that you should take as the Holy Grail truth, but it’s better than the alternatives.”
