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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

Z.AI Founds Worked with Accused Chinese Spy Group

Four founders from one of China’s up-and-coming AI companies, Z.AI, worked on a study that was funded by a group accused of having ties to Chinese spies.  Bloomberg’s Kate O’Keeffe explains the tech and national security concerns with Ed Ludlow on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Tech on YouTube:   Watch…

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Four founders from one of China’s up-and-coming AI companies, Z.AI, worked on a study that was funded by a group accused of having ties to Chinese spies.  Bloomberg’s Kate O’Keeffe explains the tech and national security concerns with Ed Ludlow on “Bloomberg Tech.”
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ASI’s Buckendorf on Winning FAA, Military Deals

ASI founder and CEO Phillip Buckendorf explains how the company’s AI helps customers like the FAA and military orchestrate complex systems and how it beat out rivals including Palantir to win government contracts. Buckendorf discusses how the company plans to use the $325 million it just raised at a $3 billion valuation, with Ed Ludlow…

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ASI founder and CEO Phillip Buckendorf explains how the company’s AI helps customers like the FAA and military orchestrate complex systems and how it beat out rivals including Palantir to win government contracts. Buckendorf discusses how the company plans to use the $325 million it just raised at a $3 billion valuation, with Ed Ludlow on “Bloomberg Tech.”
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AI Fears Roar Back After Elice IPO Flop

Bloomberg’s Ed Ludlow breaks down why fears about the AI trade are resurfacing after South Korean data center firm Elice plunged 32% in its market debut. Plus, Anthropic is in talks with Nscale for a massive new computing deal that could be worth as much as $45 billion, and Eric Schmidt’s early Anthropic bet could…

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Bloomberg’s Ed Ludlow breaks down why fears about the AI trade are resurfacing after South Korean data center firm Elice plunged 32% in its market debut. Plus, Anthropic is in talks with Nscale for a massive new computing deal that could be worth as much as $45 billion, and Eric Schmidt’s early Anthropic bet could pay off big, with a stake worth as much as $20 billion if Anthropic hits a $2 trillion IPO valuation.

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00:01:21 – Peter Elstrom, Bloomberg News
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