📊 Kalshi Founder: All Financial #Innovation Was Initially Seen as Gambling

On April 9, 2026, Tarek Mansour, founder of Kalshi, addressed whether #prediction markets are considered gambling in an interview with Axios. He noted that all financial innovations were initially viewed as gambling, citing the stock market during the South Sea Bubble and grain futures in the early 20th century as examples. Mansour emphasized the need for precise definitions of gambling and speculation, asserting that #prediction markets should not be merely equated with gambling. #crypto