Kalshi CEO: The competition with Polymarket is like a showdown between sports stars, and competition drives industry development
Jinse Finance reported that Tarek Mansour, CEO of the prediction market platform Kalshi, stated in a podcast that the competitive relationship with rival Polymarket has driven both companies to work harder on their development. Mansour compared the competition between the two companies to the rivalry between NFL quarterbacks Tom Brady and Eli Manning, as well as football stars Lionel Messi and Cristiano Ronaldo. He said: "Without Polymarket, we wouldn't be pushing so hard in marketing and product development. This competition will drive us to expand the scale of this industry to heights that would otherwise be unattainable, which will ultimately benefit customers in the long run." Kalshi was founded in 2018, and last week the company announced partnerships with CNN and CNBC, and completed a $1 billion financing round at a $11 billion valuation. Its competitor Polymarket was founded in 2020 and reached a $13.5 billion valuation in November.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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