Kalshi co-founder says prediction markets will surpass stock exchange
Kalshi co-founder and COO Luana Lopes Lara predicted that prediction markets will ultimately grow larger than the stock exchange, making the claim during an appearance at Web Summit in Rio de Janeiro. She also emphasized the company's willingness to work with regulators. The remarks come as Kalshi pursues retail distribution through its new Moomoo partnership and courts institutional market makers to address liquidity concerns. No specific timeline or market-size figures accompanied the forecast. Lopes Lara was identified as a principal at one of the two best-known prediction markets. The comments were delivered at the conference in Brazil.
DRW, Wintermute and IMC just committed dedicated market-making desks to Kalshi. Lopes Lara's growth thesis is right, their liquidity investment becomes the bridge between retail novelty and institution-ready asset class; if spreads stay wide, her stock-exchange comparison looks premature.
Kalshi joins a run of recent coverage positioning the platform as the leading onshore prediction-market venue, alongside partnerships with Moomoo and DRW, Wintermute and IMC that aim to close the institutional liquidity gap Risk.net flagged just hours earlier.