TREE NEWS update: Kalshi CEO Tarek Mansour said the real choice facing the industry is between regulated U.S. prediction markets and offshore alternatives, speaking days after the CFTC moved to write event contracts into its swap rules. Mansour also argued that public order flow makes misconduct easier to catch, citing George Santos.
Kalshi CEO: Choice Is Between US Prediction Markets and Offshore Ones
Mansour's framing is less about a single rule change than about legitimacy: if U.S. venues can host event contracts, the contest shifts from prohibition to competition with offshore platforms that answer to no one. The order-flow argument is the substantive claim — transparency as a policing tool, not just a compliance cost. Whether the CFTC's rulemaking actually accommodates that vision, or narrows it, is the open question for every venue weighing a U.S. presence.
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