Having just secured a valuation of $11 billion for his company, Kalshi co-founder Tarek Mansour is bullish. As a market leader in the booming prediction-markets industry, his platform, active in more than 140 countries, allows users to bet on events spanning culture, politics, sports, economics and more.
“ The long-term vision is to financialize everything and create a tradeable asset out of any difference in opinion,” he told delegates at Citadel Securities’ Future of Global Markets Conference in October. And “if you do build a general-purpose exchange that can resolve differences of opinions on anything,” the total addressable market is “quite massive — quite a bit bigger than the current TAM of the stock market.”