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Kalshi chief executive Tarek Mansour defends exchange model in Wall Street Journal op-ed arguing sports contracts are not gambling, Daily Caller reports
- Kalshi chief executive Tarek Mansour defends exchange model in Wall Street Journal op-ed arguing sports contracts are not gambling, Daily Caller reports — The Daily Caller reports Kalshi chief executive Tarek Mansour wrote a Wall Street Journal op-ed published October 28, 2026 arguing Kalshi operates a market, not a casino, because customers trade contracts with each other for a fee rather than betting against a house that sets odds. Mansour said prediction markets should be regulated by market regulators trained to root out insider trading, wash trading and manipulation, not by gaming commissions, and cited Kalshi volume of more than 40 billion dollars as of July, including 19 billion dollars on sporting events. (Daily Caller)
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