In this podcast episode, Sarah Guo engages in an insightful discussion with Tarek Mansour, the co-founder and CEO of Kalshi, about the groundbreaking role of prediction markets in the U.S. They delve into Kalshi's status as the first regulated platform of its kind, addressing the challenges of federal regulations and the historical backdrop of legal event betting. The conversation highlights how prediction markets can provide valuable insights for risk management and decision-making, while also dispelling myths about their effects on democracy. As they examine Kalshi's operational strategies, market accuracy, and future goals, it becomes evident that these financial tools have the potential to transform our understanding of risk and prediction.