DescribingKalshi's election betting platform as "a coin flip with a bias," CEOTarek Mansourhighlighted the platform's rapid growth, noting it has reached $200 million in trades and overtaken Cash App in U.S. finance app rankings.

What Happened:Speaking on CNBC on Monday, Mansour explained that Kalshi's election markets reflect user-driven probabilities, offering a nuanced perspective distinct from traditional polling data.

He added that these probabilities reflect the collective insights of market participants rather than a reflection of public polls.

Kalshi's election market enables Americans to place bets on the 2024 presidential race, distinguishing itself...