Tarek Mansour
@mansourtarek_ • 81,390 subscribers
MIT Math Nerd. I love free markets.
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Kalshi raised $1B at an $11B valuation. A decade ago, only a few thousand people knew what a prediction market was. Eighteen months ago, most prediction markets were banned - until we overcame the government to set them free. Over the past seven years, our community has opened up an entirely new category. Today, Kalshi is trusted, used, and loved by millions of people. It’s a part of everyday culture, and it’s driving one of the most important shifts in consumer behavior in recent history. The time has finally come for prediction markets to achieve their full potential and we are intent on making that happen. To all the believers and the early adopters: thank you.
Tarek Mansour8,617,409 görüntüleme • 11 ay önce
CBS Sunday Morning dedicated an episode to Kalshi yesterday. I was born in Bakersfield, California. I moved away from there when I was 3, but my godfather and his family still live there. At 70 years old, my godfather knows that Kalshi exists, but doesn’t really know what it is. That is, until CBS aired. Millions tune in to CBS every Sunday. The platform reaches a mainstream audience, which skews older (40+), heavily concentrates in middle America, and isn't chronically online. Yesterday's episode made me grasp the extent to which tech twitter and financial reporting are a niche bubble: we have received more inbound from the episode than we have received from any other press, and that includes South Park, Elon posts, and NYT fundraise announcements. From someone on our team: “My mom played the segment for 25+ women (ages 70-102) at the Central Wyoming Cowbell Cookie Exchange today. No one knew about prediction markets before. Their main takeaways were: wow what a great idea + this could be fun + how do we sign up. She will send me a final number of signups she is responsible for later today: right now she is at 14.” The episode elevates prediction markets from emerging to established. It also educated millions of people outside of tech and finance about how these markets work. Above all, it got my godfather excited about Kalshi. I hope you (and your parents, and possibly even your grandparents) enjoy the episode.
Tarek Mansour693,845 görüntüleme • 11 ay önce
After successfully beating the federal government in a historic court battle and legalizing prediction markets in America, we had one month to go mainstream… one month to run one of the boldest marketing campaigns of the decade. Given the time crunch, we decided to go big and launch a massive ad campaign on cable TV. We partnered with Stink Studios and MJZ — two of the best creative and production studios — to make a killer commercial. Beautifully produced, highly cinematic, top tier cast, A-List director… Hollywood-level production. We got it done in record time and were ready to go… but: Every TV outlet blocked our ad and censored it from airing for reasons unknown to us. We ended up not running our election commercial, which was extremely disappointing. I was on the verge of losing my mind: we had spent a ton on this commercial, and the board was pissed. It turned out to be a blessing in disguise. While cable has since agreed to air it, our other channels were so successful that we felt it was best to go direct via X. No more middle-men. We deliver the message straight to you. I hope you enjoy our ad for the Oscars.
Tarek Mansour714,168 görüntüleme • 1 yıl önce
Thank you for the shoutout Governor Newsom Press Office and congrats on being in the lead for Dem nominee on Kalshi. Unlike some competitors, Kalshi is federally regulated: 1. It would be illegal for you to trade on this (that would be market manipulation). 2. You would be immediately flagged by our system if you tried (glad you didn't). We agree with you: policing insider trading is critical. We'll continue to work with our regulators and policymakers to improve the system where needed.
Tarek Mansour149,900 görüntüleme • 8 ay önce
No important financial innovation has ever been created without critics. • Credit cards were going to drive “reckless consumer spending” • Mutual funds were seen merely as a way to speculate and risk people’s savings • ETFs were feared because they could increase volatility • Most new types of Derivatives were called “gambling” at launch • Bitcoin is still portrayed as a scam by some Yet, these innovations have ultimately transformed modern finance for the better. That said, criticism and doubts play a crucial role in this process: they help stress test new systems and often constructively encourage them to get better. From day one at Kalshi, we have been conscious of our position in building prediction markets and we carry the responsibility of fostering and preserving trust in them. That is why, today, Kalshi is launching our Customer Protection Hub, as the latest example of our commitment to putting customer safety first. The Hub adds additional layers of safety to our customer protection infrastructure, by enabling new risk managed features like Deposit Caps, Trading Breaks, and Voluntary Opt-outs. These safeguards work in addition to our internal market surveillance team and regulation systems to improve our market integrity. For sports specifically, we are excited to announce our partnership with IC-360, whose data will enhance our Customer Protection Hub’s ability to prevent bad actors and report them to the leagues and relevant regulatory bodies. We hope that our Hub sets a new standard of customer protection for the industry and encourages others to follow suit.
Tarek Mansour16,119 görüntüleme • 1 yıl önce
Daha fazla içerik yok.