Kalshi CEO invokes Nasdaq, Uber and Airbnb in defense against New York lawsuit
The Block·
60-second summary
Kalshi CEO Tarek Mansour is defending his company against a New York lawsuit, drawing parallels with established companies like Nasdaq, Uber, and Airbnb. He suggests the lawsuit's claims could be applied to these firms, implying a lack of understanding of the unique nature of Kalshi's prediction market platform, which operates in a gray regulatory area.
"You could copy and paste that lawsuit and file it against Nasdaq,” Kalshi CEO Tarek Mansour said during an interview with CNBC.