Kalshi CEO says state-led oversight of U.S. prediction markets would push them out

ARLINGTON, Va. — The CEO of Kalshi, the company at the center of a high-profile legal battle over the future of prediction markets in the U.S., said the clash won't ultimately decide whether the rapidly growing industry is overseen by states or a federal agency, but whether it's overseen by the feds here or is forced overseas. "We feel pretty good about where we stand overall," Kalshi CEO Tarek Mansour said Wednesday at the DC Fintech Week event near Washington.