A look at the rivalry between Kalshi CEO Tarek Mansour and Polymarket CEO Shayne Coplan, who have competing visions for how prediction markets should grow
There's one word Kalshi CEO Tarek Mansour is loath to say: Polymarket. — Like a politician swiping his never-to-be-spoken …
NPR Bobby Allyn
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Discussion
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@seanokane
Sean O'Kane
on bluesky
a great dynamic to have at the center of a booming social crisis [embedded post]
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@bobbyallyn
Bobby Allyn
on bluesky
Tarek has compared his beef w Shayne to the rivalry between Tom Brady & Eli Manning. Tarek strenuously avoids saying or writing the word “Polymarket” — An ex-Kalshi employee told me: — “Kalshi does hate getting confused for Polymarket, but when Polymarket is confused with Ka…
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@bobbyallyn
Bobby Allyn
on bluesky
When Shayne's Manhattan apartment was raided by the FBI, Kalshi teamed up with influencers to make memes about it; Kalshi's prediction market coalition never invited Polymarket; both companies have pending trademark applications for “the world's largest prediction market”
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r/NPR
r
on reddit
2 young billionaires are behind the prediction market boom Polymarket. They hate each other
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r/technology
r
on reddit
2 young billionaires are behind the prediction market boom. They hate each other
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@kylascan
Kyla Scanlon
on x
Yo brother legal team confirmed that we can't work with minors rn [image]
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@kylascan
Kyla Scanlon
on x
Young people seem to be (1) gambling a lot (2) targets for prediction market companies and (3) using these platforms primarily to find ways to do insider trading! [image]
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@wexler
Nu Wexler
on x
“Yo brother, legal team confirmed that we can't work with minors rn,” a Kalshi employee wrote to the user in messages reviewed by the Journal. “Kinda sad tbh.” https://www.wsj.com/...
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@byklong
Katherine Long
on x
NEW: A fraternity that counts Jeff Bezos' stepson as a member under investigation for insider trading. Polymarket-branded beer pong sets. $20,000 in funding to open a prediction market club. Here's how prediction markets are gaining ground on campus. https://www.wsj.com/...
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@bobbyallyn
Bobby Allyn
on bluesky
At the center of the prediction markets boom is a bitter rivalry between two 20-something billionaire fintech bros vying for their companies to be distinct, despite everyone constantly lumping them together — “For them, it's existential,” a former Kalshi employee told me — ww…
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@bobbyallyn
Bobby Allyn
on bluesky
“Yo brother, legal team confirmed that we can't work with minors rn” is the best way to summarize this article, an impressively deep look at Kalshi and Polymarket's relentless nationwide campaign to recruit college students and get them hooked to prediction markets early. [embed…
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@davepell
Dave Pell
on bluesky
Prediction markets are actively trying to turn college students into gambling addicts. They are some of the worst companies in America. It's pathetic that news organizations and other institutions are doing business with them. — www.wsj.com/business/med...
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@jessefelder
Jesse Felder
on bluesky
“You can never start those kids too early on sports betting,” Nigel Eccles, the co-founder and former CEO of online sportsbook FanDuel, mockingly wrote. www.wsj.com/business/med...
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@klong
Katherine Long
on bluesky
A fraternity that counts Jeff Bezos' stepson as a member under investigation for insider trading. Parties with Polymarket-branded beer pong sets. $20,000 in funding to open a prediction market club. — Here's how prediction markets are gaining ground on college campuses. www.w…
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@cwarzel
Charlie Warzel
on bluesky
there are plenty of moral/ethical reasons to not like prediction markets but the thing that's most interesting to me is the way that they are a machine that destroys trust. by democratizing insider trading everyone assumes the fix is always in. it's corrosive! www.theatlantic.…
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r/technology
r
on reddit
A Technology for a Low-Trust Society | Polymarket and Kalshi promise the wisdom of the crowds. They deliver something very different
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@wildebees
Wessel van Rensburg
on bluesky
Two competing visions: Kalshi's Mansour wants to ‘bang our head against the wall until you regulate us’ whilst Polymarket's Coplan runs a crypto like offshore operation skirting U.S. rules. The regulatory-compliant vs crypto-style approaches will define how this industry develop…