Lecture 20: Building the First Federally (CFTC) Regulated Exchange Dedicated to Trading on Events

MIT 18.642 Topics in Mathematics with Applications in Finance, Fall 2024
Instructor: Tarek Mansour
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YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP601Q2jo-J_3raNCMMs6Jves

This lecture recounts a detailed discussion featuring Tarek Mansour, an MIT alumnus and founder of Kalshi, about building a regulated prediction market exchange in the US. He shares his journey from working at top Wall Street firms to overcoming regulatory challenges as part of building Kalshi business, emphasizing perseverance, innovation in financial markets, and the potential of prediction markets to transform how risks and future events are traded and priced.

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Post from MIT OpenCourseWare on December 03, 2025

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