Kalshi CEO warns prediction markets could go offshore
By The Weekly Edge desk ·
Summary
Kalshi chief executive Tarek Mansour said at DC Fintech Week that prediction market businesses may relocate abroad if courts rule that individual states can regulate them. He framed the fight as one over whether such markets can exist in the US at all, and said he is fairly confident in Kalshi's legal standing despite some court losses. He also denied claims that volumes in Kalshi's crypto perpetual-futures markets were inflated, blaming repeated trade sizes on market maker orders, while New Jersey has asked the Supreme Court to weigh in and the CFTC has issued a rule and proposed another on event contracts.
Why it matters
Kalshi's CEO warning of offshore relocation highlights that court rulings on state regulation will determine whether prediction markets face state gambling oversight.