Kalshi CEO Tarek Mansour invoked Nasdaq, Uber and Airbnb on Monday as he made his case for why New York’s lawsuit against his company is unfair.
"That same lawsuit, and it's not about sports; it's going after all prediction markets and their entire business model.
You could copy and paste that lawsuit and file it against Nasdaq," Mansour said during an interview with CNBC.
"We function like the Nasdaq.
We take a 1% transaction fee." New York Attorney General Letitia James sued Kalshi last week, alleging its event contracts amount to illegal gambling.
