Kalshi CEO Tarek Mansour on new KPOW index, regulating prediction markets & insider trading concerns

Summary

Kalshi CEO Tarek Mansour joins Squawk Box to discuss the company's new American Power Index (KPOW), which aggregates prediction-market data into a single political power tracker. He explains the methodology, current Republican lean, and how the index can be traded. The conversation also covers prediction-market regulation, insider trading safeguards, and Kalshi's regulatory-first stance versus offshore competitors.

• Kalshi launched the KPOW index to provide an objective, tradeable measure of the US political balance of power.
• The index weights current seat holdings and prediction-market forecasts for Senate, House, Presidency, and Supreme Court.
• KPOW currently reads +3 Republican, reflecting a slight tilt toward the GOP after recent events.
• Tarek Mansour details Kalshi's surveillance and self-regulation to combat insider trading.
• He contrasts Kalshi's regulated approach with unregulated offshore prediction markets.