The Rise of Prediction Markets

Motley Fool Staff, The Motley Fool

Mon, Apr 28, 2025, 12:03 PM 47 min read

This episode offers two looks at prediction markets. In the first half of the show, Kalshi CEO Tarek Mansour joins Motley Fool host Ricky Mulvey to discuss:

• What he learned about Kalshi from this past election.

• The difference between an events contract and gambling.

• How prediction markets could disrupt sports betting.

Then, New York Magazine features writer Jen Wieczner joins Motley Fool host Mary Long to discuss her reporting on the billion-dollar betting platform Polymarket, and its legal challenges in the United States.

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A full transcript is below.

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This video was recorded on April 26, 2025

Tarek Mansour: But the important thing here is that these prediction markets are not a crystal ball, they're not almighty. But they're as close as it gets. They're the best way to forecast the future because of this skin in the game aspect. People don't lie when their money is involved.

Ricky Mulvey: I'm Ricky Mulvey, and that's Kalshi CEO and co-founder Tarek Mansour. On today's show, we're taking two looks at prediction markets, one from a leader in the industry, and another from a journalist telling its story. In the first part, Mansour spoke with me about how prediction markets can differ from gambling, and his platform is a source of truth.