John Wang, Head of Crypto at Kalshi, discusses the future of prediction markets, asserting that regulated exchanges with high product velocity and deep liquidity will lead the industry. Kalshi aims to be the go-to liquidity layer for on-chain prediction markets, tokenizing them for broader access and mirroring them on-chain. Wang highlights Kalshi's growth, noting a 700% volume increase since he joined, with politics surpassing sports in open interest. He envisions third-party front ends building on Kalshi to target specific user segments, similar to PumpFun and Hyperliquid. Stablecoins are key to Kalshi's international expansion into 140 countries, offering a frictionless way to deposit US dollars. He also sees potential in crypto price prediction markets as a more digestible alternative to traditional crypto options.
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