brian quintenz of kalshi on the growth and evolution of prediction markets.
"so i think the idea of betting is prolific across all financial marketplaces, right?"
"i mean, i think you can, you know, take a bet on an equity, you could take a bet on an option, you could take a bet on a derivative or you can go and do a casino"
"but i think what distinguishes this between the casino, number one, is the venue, right?"
"this is a marketplace. you are trading against other market participants. you're not going into a casino betting against the house, where the house's winnings match its customers' losses, so the incentives aren't misaligned"
"and number two, it's overseen by a federal market regulator that has contracts that have economic financial and commercial utility"