Bloomberg Technology
Kalshi CEO Calls Arizona Charges ‘Total Overstep’
Kalshi CEO Tarek Mansour discusses the criminal charges filed against the company in Arizona and defends the prediction market’s business model, saying it is not gambling. Mansour speaks with Tim Stenovec on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube: Watch the latest full episodes of “Bloomberg Technology” with Caroline…
Bloomberg Technology
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Bloomberg Technology
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Bloomberg Technology
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@paulbunyan9436
March 18, 2026 at 1:05 pm
So this is the azzole responsible for all those annoying ADS.
@zacktickman
March 18, 2026 at 1:44 pm
Kalshi exploits uninformed retail “traders” (gamblers) and helps transfer wealth to informed whales/insiders
@Sophielinksu
March 18, 2026 at 4:01 pm
Thankyou AZ AG Kris Mayes. Down with the Gambling and Kalshi.
@Sophielinksu
March 18, 2026 at 4:04 pm
Kris Mayes is always fighting for Arizona’s best interests, whether there is a reelection or not. The whining that’s coming out of Kalshi… you ruin peoples lives dude..go away.
@cjplay2
March 18, 2026 at 8:15 pm
Corporate 101 – I want as few regulatory bodies as possible governing me as possible. If the US regulated Kalshi and EU did as well, Kalshi would try to find a super governance body and fight it there. Amazon doesn’t charge state sales taxes across the board, but some states do not force sales taxes. “The internet doesn’t know borders” is also a corporate falacy. A crow doesn’t care about borders. People do. You have to write regional rulesets, even state rulesets, into the application. Harder? Sure. Impossible? 100% absolutely not. With AI, piece of cake (I write/test/deploy code).
Thank you AZ AG for filing the suit. Federal Preemption is not absolute. Kalshi is betting on the outcome of an event. SEC deals with Equity Security. What investment stake does Kalshi sell equity for? If an event happens on a stock traded on the NYSE/NASDAQ/Nikkei/etc. I still own that equity. It’s just smaller. Kalshi, Polymarket, Casinos, and Draft Kings all deal with the SAME thing – People bet on an event, event happens, people are paid or lose. There are no equities or securities on Kalshi, therefore, gambling.
@kbram7363
March 18, 2026 at 9:07 pm
Georgia is next. Which is good