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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@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…
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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
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
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