Kalshi CEO: Retail Investors Feel Wall Street Is 'Rigged,' But Prediction Markets Give Them An Edge

Tarek Mansour, CEO of prediction market exchangeKalshi, says 95% of his customers avoid traditional financial markets because they believe the system is stacked against them.

Speaking at the FIA Global Cleared Markets Conference in Florida, Mansour made the case that the gambling debate around prediction markets is backwards.

Mansour compared his platform to the options market, where he said retail traders face off againstCitadelwhile their brokers get paid "because they know you're doing something dumb." That, he said, is "more gambling."

His customers, according to internal surveys he cited, say they trade on Kalshi's economics markets...