{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/6ad8dc9e5de627c5404c44ef/6ae22e4e31d13a8c238fa147?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"The Economics of Kalshi","description":"<p>Is a prediction market just gambling in a financial suit? Kalshi CEO Tarek Mansour says no: a casino bets against you, while an exchange simply matches buyers and sellers and takes no side.</p><p><br></p><p>Host Ryan Bourne asks him about prediction markets&#39; forecasting records, how businesses can use these event contracts to hedge risk, and the turf war over who regulates them, Washington or the states.</p><p><br></p><p>The Wisdom of Crowds: An Intro to Prediction Markets, Cato Weekly Podcast: https://www.cato.org/multimedia/cato-podcast/wisdom-crowds-intro-prediction-markets </p><p><br></p><p>Prediction Markets Are Not ‘Just Gambling’ Platforms: https://www.nationalreview.com/2026/10/prediction-markets-are-not-just-gambling-platforms/ </p><p><br></p><p>Prediction Markets Should Not Be Subject to Fragmented Regulation: https://www.cato.org/blog/prediction-markets-should-not-be-subject-fragmented-regulation </p><p><br></p><p>Ban prediction markets? That didn’t go well in 1591: https://www.washingtonpost.com/opinions/2026/09/24/prediction-markets-should-not-be-treated-like-casinos/ </p><p><br></p><p>Host &amp; Producer: Ryan Bourne</p><p>Senior Producer: Barbara Galletti</p><p>Video Editor: Darren Walker</p><p>Audio Engineer: Cecil Sherman</p><p>Director of Photography: Darren Walker</p><p>Assistant Producer: Nathan Miller</p><p>Motion Graphics: Jonathan Fields</p><p>Original Music: Cecil Sherman</p><p>Executive Producer: Kristina Kendall</p>","author_name":"Cato Institute"}