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Kalshi CEO Mansour says state-led oversight would push U.S. prediction markets offshore, also responds to crypto perpetual futures volume inflation accusations
Kalshi CEO Tarek Mansour stated that state-led oversight of U.S. prediction markets would force them overseas, rather than being a choice between state and federal regulation. He also rejected arguments that sports betting lacks significant economic consequences. Additionally, Mansour responded to accusations of inflated trading volume in bitcoin and ether perpetual-futures markets on his platform, attributing recurring trade sizes to fixed-size orders from market makers and a misunderstanding of market complexities. The Commodity Futures Trading Commission (CFTC) has been bolstering its authority over prediction markets, while New Jersey has asked the U.S. Supreme Court to take up the legal dispute over regulatory jurisdiction.
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