Kalshi CEO says Polymarket is not his main rival, names three bigger threats
Kalshi CEO and cofounder Tarek Mansour told Front Office Sports that he does not consider Polymarket to be his primary competition, naming CME Group, Robinhood and DraftKings as bigger threats. He cited CME first, which launched FanDuel Predicts with the sportsbook in December 2025. The comments reframed the competitive landscape for regulated prediction markets in the US as Kalshi continues to expand its event contract offerings and compete for market share.
Mansour's framing forces investors and partners to judge Kalshi against CME, Robinhood and DraftKings, not against Polymarket's crypto-native volume. Any capital allocation based on the Polymarket rivalry misreads where regulated market share will actually be lost or won.
Mansour named CME Group, Robinhood and DraftKings among the platforms he sees as larger rivals than Polymarket.