Kalshi CEO says lawsuits are the price of being a disruptor

Tarek Mansour, cofounder of Kalshi. IMF Tarek Mansour, the cofounder of Kalshi, says the litigation his company is facing is just part of a cycle. Such litigation happens to market players that disrupt industries, he said. Mansour compared Kalshi to players like Uber and Airbnb, which also disrupted the transport and hotel industries. Kalshi's CEO says the scrutiny his company is facing is just part of a cycle that most disruptive startups must go through. Tarek Mansour , the prediction market's cofounder, spoke on CNBC on Monday about the lawsuits Kalshi is facing from multiple states. "I think the more interesting thing that's at play here is that you have an industry, the prediction market industry, that is disruptive, that is growing fast, consumers are adopting it, and it's threatening a legacy incumbent industry that is unhappy about that," Mansour said. "That has played out over and over.