Do you believe on this statement by the CEO of Kalshi

[aioc]

Do you believe in  Kalshi CEO Tarek Mansour statement that;

“elites will never love these markets and they’ll always attack us,” telling Patrick Bet-David prediction markets represent “the first time that information is flowing from people, bottom up.”
”We don’t have gatekeepers of the truth.”

https://x.com/CoinMarketCap/status/2116759396164223119

He believes that regulators are attacking the integrity of prediction markets because they let information spread to the masses, and they claim to be democratic for spreading information that was once not available to people. What's your take on this? Is there some truth to this?

[Oshosondy]

Prediction market is almost 60% similar to gamble, while almost 40% similar to trading. Trading is similar to gambling, but it is not gambling. He should not be surprised that the people he is talking about are seeing prediction markets as gambling. It is similar to gambling and the reason the gambling regulators are going against them.

[Frankolala]

You know that before Prediction market came to existence, people don't care much about some events happening around but Prediction market saw it as an opportunity to trade on these events and for that reason, they go as far as looking for events that must play out in future. Due to the greed from the insiders, they go out to expose the real outcome of the event for profit sake. If you go to prediction market,, you will see a lot of upcoming events which you can trade on. Secondly, Prediction market is avoiding paying taxes and claim they aren't gambling.

[Swordsoffreedom]

OP, what Tarek Mansour says shouldn't be dismissed out of hand. imo greatest fear for any centralised authority or elites is the fear of losing control. You know, for a long time traditional media, politician and corporate gatekeeper determined what general public would and would not come to know as the truth. However in prediction market when ordinary people stake their own money by betting on future event, underlying truth is crowdsourced and brought to light for everyone to see.

There is a profound truth here. Because once information begin to flow from bottom up, there is nothing left for gatekeeper at the higher levels to do.

[Zlantann]

Do you believe in  Kalshi CEO Tarek Mansour statement that;

Is he claiming that Kalshi is truly decentralized and that information from the platform cannot be manipulated? I agree that Information from prediction market providers might shape public sentiment and allow people to predict real-time possibilities, which could be a threat to the government and other media gatekeepers. But I still believe that they can be manipulated. So the data from Kalshi might not always be a reflection of public opinion. So the claim that Kalshi is being attacked by the elites because of the free flow of information might be a half-truth.

[KTChampions]

Do you believe in  Kalshi CEO Tarek Mansour statement that;

“elites will never love these markets and they’ll always attack us,” telling Patrick Bet-David prediction markets represent “the first time that information is flowing from people, bottom up.”
”We don’t have gatekeepers of the truth.”

https://x.com/CoinMarketCap/status/2116759396164223119

He believes that regulators are attacking the integrity of prediction markets because they let information spread to the masses, and they claim to be democratic for spreading information that was once not available to people. What's your take on this? Is there some truth to this?

I’m not entirely sure what he means, I checked the tweet for context, but there’s no additional information there. It is clear that the interests of the elites and the masses are often at odds, but the elites are unlikely to be much concerned about the masses gambling on prediction markets - for the elites, what matters most is maintaining control over the events themselves. In general, unless I'm missing some context, then I rather disagree with him and it seems to me that he's inventing some kind of "struggle" where there isn't one.

[coin-investor]

Do you believe in  Kalshi CEO Tarek Mansour statement that;

“elites will never love these markets and they’ll always attack us,” telling Patrick Bet-David prediction markets represent “the first time that information is flowing from people, bottom up.”
”We don’t have gatekeepers of the truth.”

https://x.com/CoinMarketCap/status/2116759396164223119

He just wants to defend his platform from the many attacks and issues with regulators, but whatever defenses he may have, the regulators have none of them because, for regulators, it's still gambling; people are betting, winning, and losing money; they just found a way to explore this concept.

There's going to be one final ruling on the status of prediction markets; right now, the federal courts are divided in this issue, and it will take the Supreme Court to decide it.

[shinratensei_]

https://arstechnica.com/tech-policy/2026/10/trump-admin-sues-utah-to-save-kalshi-from-the-states-total-ban-on-gambling/

The Trump administration is trying to stop Utah from enforcing its gambling ban against Kalshi, making Utah the 10th state sued by the US government agency that regulates prediction markets.

The better to stop to believe from any bullshit statement came from Kalshi's CEO. In fact some of Trump's family members are backing his company, and he's asking trump to save his garbage prediction market from getting banned in 10 states. I smell hypocrisy on his statement. He's just feel panic becaiuse more states will be initiated to ban his platform.  

[Natalim]

He believes that regulators are attacking the integrity of prediction markets because they let information spread to the masses, and they claim to be democratic for spreading information that was once not available to people. What's your take on this? Is there some truth to this?

I don't buy his story, they are regulated therefore they have to follow the rules. And it's documented by the CFTC here that insider trading and potential market manipulation could be happening, because without proper regulation, this prediction market would not really be for ordinary people but only for those who have insider information, it's not fair, and regulators are trying to prevent that.

[Iranus]

Hmm, I also believe that when regulator and government agencies repeatedly try to block these thing, the reasons behind it go beyond just legal and financial concern. Actual issue is struggle to hold onto power.

If people somehow learn to predict future through market price then narratives imposed from above will no longer be able to hold up.

Kalshi's Tarek Mansour on The Case for Prediction Markets
Anyway, OP you can watch this video. it will provide you with detailed insights into Tareq Mansoor's interview and struggles behind prediction market.

[YOSHIE]

Do you believe in  Kalshi CEO Tarek Mansour

I don't know whether CEO Kalshi's statement can be believed or not, but personally I view that statement. I'm not sure about subjective opinions, but even so, perhaps we can assess this statement by looking at the effectiveness of the prediction market with several perspectives.
Example:
If the funds that flow into the Kalshi prediction market transparently come from lower society or a handful of people when placing bets collectively do not win over the elite, it might be trustworthy, but we have to know in detail the factors that cause attacks on the prediction market by elites, whether the prediction market will be at risk of market manipulation, of course it is normal that the elites' concerns are very real, indeed the facts that happened actually won that way, meaning CEO Kalshi's statementcan not be trusted.

[Asiska02]

Secondly, Prediction market is avoiding paying taxes and claim they aren't gambling.

If not paying taxes is where they want to hide, I am sorry to say that it will just be a matter of time before they receive big sanctions against withheld taxes that needed to be paid. It is obvious that their activities looks likes gambling and if regulators have them put into that category, there is no way for them to actually get scot-free of not being labeled same rules as gambling platforms. It is just a matter of time they are being called one because most of their activities is related to gambling as few can be related to trading only.

[Curious T]

It's a bullshit strategy where they act like their actions are to benefit the poor or lower class. It should be stale at this point, but people still fall for it. I'm sure they did not have the lower class in mind when they started their company. He is worth around 2.6 billion dollars, but he is here acting like he is not part of the "elite". They are not helping any information flow. They simply have a platform where people can bet on information. They need to stop pretending they care about the lower class. They only care about their company, and that is fine. No sane person will criticize them for prioritizing their business. No need for all these pretentious gimmicks. Are they a news channel that he is talking about spreading information?

[Smartprofit]

I think Tarek Mansour sincerely believes this and means it! As the CEO of Kalshi, he sees the whole picture (from a bird's eye view, so to speak). 🙋

Essentially, prediction platforms aren't just trading platforms and online casino analogs, but also oracles of truth. I think Tarek Mansour is right when he says that this is the only time in history when information flows from the bottom up. Julian Assange tried to create something similar, but the weak link in the system he created was Julian Assange himself. The ruling elite saw through his weaknesses and dealt him the death blow. That's why WikiLeaks no longer exists.

Prediction platforms are WikiLeaks + a trading platform + a bookmaker. A truly explosive combination! Insiders no longer turn to Julian Assange.  Insiders flock to prediction platforms to gamble and trade digital assets (predictions, in my opinion, are similar to futures and options). Driven by the desire for large profits, people place bets either because they possess accurate knowledge or because they possess significant experience and intelligence. All this turns prediction platforms into oracles of truth.

Understandably, those in power disapprove of this, as publicizing true knowledge about what's happening in the world prevents them from engaging in questionable behavior. Prediction platforms provide more accurate information than independent analytical agencies and pollsters. 💁

[danherbias07]

Well, maybe there's some truth behind it. But he calls them elites like he is not one of them. That's where my doubt is.

It's a competitive business. Prediction markets are aligned to gambling which is the reason why regulators will keep on attacking them. It's the taxes that they want, and with prediction markets gaining a lot of audience, there's also a lot of money going around it. It means more money for the government too.
They should get used to it. Someday they will be branded as a gambling platform literally, and not just an assumption anymore. When you look at their markets, it's mostly a bet.

[free-bit.co.in]

What's your take on this? Is there some truth to this?

I think this system also has some dark sides.

Such as risk of information manipulation and insider trading. And you know, such incident have already occurred several times.

But at the end of the day, point Tarek Mansour raised, that this is information flowing from people, bottom-up, contains an absolute truth, imo.

Elites would never want general public to have such powerful truth finding tool.

I actually dont know if this bottom-up flow of information will ultimately be able to survive the crackdown by regulators. It seems to me it will be crushed under the pressure of system!

[2stout]

Sounds like some horseshit in order to protect business and profits.  Prediction markets are just another form of gambling, basically prop bets personified.  This is a straight up lie by the CEO- “the first time that information is flowing from people, bottom up.”  If anything the information is flowing from the top down, resulting in great manipulation and grift.

[Yorubek]

Prediction markets say that their activities are not related to gambling, but in reality they are related to gambling. This is the main truth, because people are not stuck in the discussion of an event. They can bet as they wish. There is a high possibility of profit and loss. Therefore, the regulatory will take legal action against prediction markets. The strategy they are using to avoid taxes and conduct business will not be useful for long. This is definitely gambling in the literal sense. It will be legally effective.

[Hispo]

In my opinion, it does not make much sense to talk about democracy and giving power to people when it comes to prediction markets, because these markets are not about freedom of information or helping people to be free. These platforms are purely about money and profits.
If you asked me, I would say this guy is just trying to white-wash the image of Kalshi and trying to convince people there is some kind of conspiracy going on to take down prediction markets on the internet.

Kalshi is not a news outlet or a non-profit organization seeking to reveal the truth to people, they are a business with have more to do with bookies and less with news channels.

[KiaKia]

Do you believe in  Kalshi CEO Tarek Mansour statement that;

“elites will never love these markets and they’ll always attack us,” telling Patrick Bet-David prediction markets represent “the first time that information is flowing from people, bottom up.”
”We don’t have gatekeepers of the truth.”

https://x.com/CoinMarketCap/status/2116759396164223119

He believes that regulators are attacking the integrity of prediction markets because they let information spread to the masses, and they claim to be democratic for spreading information that was once not available to people. What's your take on this? Is there some truth to this?

What do you expect them to say? They have a business to protect here so whatever it takes man, whatever it takes, but for me prediction markets have no integrity.

I've never seen this same man ordering the law to do investigations on their own people before, the leaking of data, the turn of events and so on, how many political personnel have they gone after?

Prediction markets have no integrity to protect and I am not sorry for saying it, this business idea is full of manipulation and corruption.