Kalshi’s ambition extends far beyond winning prediction markets. It wants to become the largest exchange on Earth. John Wang joins David to explain Kalshi’s regulated crypto-perps push, upcoming gold and silver markets, international expansion, and the strategy for turning retail event contracts into serious institutional hedging infrastructure.

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TIMESTAMPS

0:00 Is Kalshi a Crypto Company?
3:56 Global Expansion and the Regulated Edge
14:55 The Regulated Perps Bet
21:38 Combining Perps and Predictions
27:51 The Insider Trading Problem
38:50 Who Owns Market Information?
45:58 From Sportsbooks to the CME
55:24 Prediction Markets for Institutions
1:02:40 Kalshi Versus Polymarket

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RESOURCES

John Wang
https://x.com/j0hnwang

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