Kalshi Founders Tarek Mansour & Luana Lopes Lara On Turning Events Into Assets

Video Description

Kalshi co-founders Tarek Mansour and Luana Lopes Lara joined Molly O’Shea, host of the Sourcery podcast, for a conversation on how prediction markets are emerging as a new asset class. The discussion covered Kalshi’s rapid growth, its regulatory journey and how event contracts are reshaping finance by turning real-world outcomes like elections, inflation or sports results into tradable assets. This interview took place at Citadel Securities’ Future of Global Markets 2025 event at Casa Cipriani in New York City on October 6, 2025. _________ The opinions and views expressed of external speakers are solely those of the speaker and may not reflect the institutional views of Citadel Securities, or its affiliates, are as of the date of the event and are subject to change without notice. Legal Entities Disseminating this Material: This material is disseminated in the United Kingdom by Citadel Securities (Europe) Limited (“CDGE”) authorised and regulated by the Financial Conduct Authority (“FCA”) (Registered company number: 05462867); in the European Union by Citadel Securities GCS (Ireland) Limited (“CSGI”) and its Paris Branch authorised and regulated by the Central Bank of Ireland (“CBI”) (Registration Number: C173437); in Hong Kong by Citadel Securities (Hong Kong) Limited (“CDHK”) licensed by the Securities and Futures Commission of Hong Kong (“SFC”), in Japan by Citadel Securities Japan Co., Ltd (“CSJC”) registered as a Type 1 financial instruments business operator with the Japan Financial Services Agency (“JFSA”); and in the United States of America by Citadel Securities LLC (“CDRG”) registered with the Securities Exchange Commission (“SEC”), Financial Industry Regulatory Authority (“FINRA”), and Securities Investor Protection Corporation (“SIPC”), Citadel Securities Institutional LLC (“CSIN”) registered with the SEC, FINRA, and SIPC, or Citadel Securities Swap Dealer LLC (“CSSD”) registered with the SEC, Commodities Futures Trading Commission (“CFTC”), and National Futures Association (“NFA”). Unless governing law permits otherwise, you must contact a Citadel Securities entity in your home jurisdiction if you want to use our services in effecting a transaction in any financial instruments or securities, including derivatives. FOR INSTITUTIONAL USE ONLY; FOR PROFESSIONAL CLIENTS AND ELIGIBLE COUNTERPARTIES ONLY. This material is not intended as and does not constitute investment research. Contents of this material will be strictly limited to non-specific, generic information (i.e. macro events/topics) and are not subject to the Markets in Financial Instruments directive (MiFID II) or FINRA research rules. This material does not constitute an offer, solicitation, invitation, or inducement to purchase, acquire, subscribe to, provide, or sell any financial instrument or otherwise engage in investment activity. Please see additional important disclosures, including disclosures that may be relevant to your country of residence or business at www.citadelsecurities.com/GlobalSalesTrading. https://www.citadelsecurities.com/privacy/ ____ Citadel Securities is a technology-driven, next-generation global market maker. We provide institutional and retail investors with world-class liquidity, competitive pricing and seamless front-to-back execution in a broad array of financial products. Our teams of engineers, traders and researchers harness leading-edge quantitative research and the accelerating power of compute, machine learning and AI to power our analytics and tackle the market’s and our clients’ most critical challenges. Together, we are forging the future of capital markets. Citadel Securities operates in the world's major financial centers including Miami, Chicago, New York, London, and Hong Kong. Learn more about Citadel Securities: https://bit.ly/3nnPAi2 Explore careers at Citadel Securities: https://bit.ly/3nsZQ8D Follow Citadel Securities on social media: LinkedIn: https://www.linkedin.com/company/citadel-securities Facebook: https://www.facebook.com/CitadelSecurities Twitter: https://twitter.com/citsecurities Instagram: https://www.instagram.com/citadelsecurities/