Bankless · Tuesday, September 1, 2026
John Wang of Kalshi discussed the company's ambition to become a major exchange, comparable to the CME. He emphasized their strategy of working within US regulations and aiming for a regulated, onshore approach to prediction markets and derivatives, differentiating them from offshore competitors.
“Our positioning is that we're kind of like the CME or the New York Stock Exchange in that we're taking a very strong regulated approach, but we have the mix of also being a very fast shipping tech company while being kind of like a very aggressive consumer growth company as well.”
“And so being able to own the trader relationship has been quite important. I think it's been important to the growth of Robinhood. It's been important to the growth of IBKR as well. So we have that as a differentiating factor. We own the trader relationship.”