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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…

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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.”
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6 Comments

6 Comments

  1. @paulbunyan9436

    March 18, 2026 at 1:05 pm

    So this is the azzole responsible for all those annoying ADS.

  2. @zacktickman

    March 18, 2026 at 1:44 pm

    Kalshi exploits uninformed retail “traders” (gamblers) and helps transfer wealth to informed whales/insiders

  3. @Sophielinksu

    March 18, 2026 at 4:01 pm

    Thankyou AZ AG Kris Mayes. Down with the Gambling and Kalshi.

  4. @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.

  5. @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.

  6. @kbram7363

    March 18, 2026 at 9:07 pm

    Georgia is next. Which is good

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Bloomberg Technology

Rocket Explosion Deals Blow to Blue Origin’s Space Ambitions

Blue Origin’s New Glenn rocket exploded in a massive fireball while undergoing a test on a Florida launchpad Thursday evening, dealing a major setback to the Jeff Bezos-backed firm in its efforts to challenge a dominant SpaceX. Blue Origin and Amazon founder Jeff Bezos said it was too early to determine the cause of the…

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Blue Origin’s New Glenn rocket exploded in a massive fireball while undergoing a test on a Florida launchpad Thursday evening, dealing a major setback to the Jeff Bezos-backed firm in its efforts to challenge a dominant SpaceX. Blue Origin and Amazon founder Jeff Bezos said it was too early to determine the cause of the explosion and described it as “a very rough day” in a post on X. Bloomberg Intelligence analyst Matt Bloxham joined Caroline Hepker to discuss the implications.
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SpaceX Lowers IPO Valuation Target | Bloomberg Tech 5/29/2026

Bloomberg’s Tim Stenovec breaks down why SpaceX is coming back down to Earth with a slightly lower valuation in its IPO. Plus, Anthropic closes a funding round at a whopping $965 billion valuation, surpassing OpenAI for the first time in the AI race; and Dell surges after the hardware giant’s outlook far surpassed Wall Street…

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Bloomberg’s Tim Stenovec breaks down why SpaceX is coming back down to Earth with a slightly lower valuation in its IPO. Plus, Anthropic closes a funding round at a whopping $965 billion valuation, surpassing OpenAI for the first time in the AI race; and Dell surges after the hardware giant’s outlook far surpassed Wall Street estimates.

Chapters:
00:00:00 – Bloomberg Tech Begins
00:01:38 – Benedikt Kammel, Bloomberg News
00:05:05 – Shirin Ghaffary, Bloomberg News
00:07:56 – Silas Brown, Bloomberg News
00:12:05 – David Kennedy, Dell Technologies
00:15:40 – Janet Mui, RBC Brewin Dolphin
00:23:33 – Rebecca Torrence, Bloomberg News
00:26:41 – Matthew Weir, Goldman Sachs
00:33:40 – George Ferguson, Bloomberg Intelligence
00:37:59 – Carolina Parada, Google Deepmind
00:40:40 – Loren Grush, Bloomberg News
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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Bloomberg Technology

Anthropic Valuation of $965 Billion Passes OpenAI

Anthropic raised $65 billion in a funding round that valued the AI company at $965 billion including the new investment, eclipsing rival OpenAI’s value for the first time. Bloomberg’s AI reporter Shirin Ghaffary joins Tim Stenovec on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes…

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Anthropic raised $65 billion in a funding round that valued the AI company at $965 billion including the new investment, eclipsing rival OpenAI’s value for the first time. Bloomberg’s AI reporter Shirin Ghaffary joins Tim Stenovec on “Bloomberg Tech.”
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