Kalshi’s COO thinks prediction markets can beat the polls

Prediction markets incentivize truth. Everything else incentivizes clickbait. That’s the core argument Luana Lopes Lara makes for Kalshi, the prediction market platform she co-founded that has gone from $5 billion to $22 billion in valuation in under a year and is now being sued by New York’s attorney general for $36 billion. Lara, the company’s chief operating officer, makes the case that Kalshi is fundamentally different from DraftKings—even though 75% of its volume comes fro...