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Masters of Scale · October 6, 2026 · 34m 23s

Kalshi vs. Everyone: Co-Founder Luana Lopes Lara on the lawsuits and the long game

Luana Lopes Lara, co-founder of prediction market platform Kalshi, joins Rapid Response to discuss the company's explosive growth from $5 billion to $22 billion in valuation, the $36 billion lawsuit from New York's attorney general, and the case that prediction markets incentivize truth over clickbait. She explains how Kalshi differs from DraftKings, the banning of George Santos for trading on his own attendance, and what ballet taught her about entrepreneurship. The episode also touches on becoming the world's youngest self-made female billionaire and a Timothée Chalamet dentist-chair ad.

This summary was generated from show notes and public descriptions, not from a full transcript review. Details may contain inaccuracies.

Preview

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Lara argues that prediction markets inherently incentivize truth-telling, unlike other media that incentivizes clickbait.
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Kalshi vs. DraftKings: The Fundamental Difference
Despite 75% of Kalshi's volume being sports, Lara insists the platform is fundamentally different from DraftKings.

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