Can prediction markets transform how we price and trade future risks?
In short: Tarek Mansour, an MIT alumnus and founder of Kalshi, discusses his journey building the first federally regulated exchange for event-based trading. This lecture offers a look at the intersection of financial innovation and regulatory hurdles in the United States.
The lecture details the process of establishing Kalshi, a platform designed to allow users to trade on the outcomes of future events. Mansour shares his professional background, moving from roles at prominent Wall Street firms to the challenges of navigating the regulatory landscape overseen by the Commodity Futures Trading Commission (CFTC).
Beyond the technical and legal hurdles, the discussion highlights the broader potential for prediction markets to reshape financial systems. By enabling the trading and pricing of specific future risks, these markets aim to provide new tools for managing uncertainty.
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Sources
- Summary by Intellect · source: Lecture 20: Building the First Federally (CFTC) Regulated Exchange Dedicated to Trading on Events
- Also: Lecture 20: Building the First Federally (CFTC) Regulated Exchange Dedicated to Trading on Events captions | Topics in Mathematics with Applications in Finance | Mathematics | MIT OpenCourseWare
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