Opinion
Kalshi co-founder predicts prediction markets will outgrow stock exchanges
Kalshi co-founder and COO Luana Lopes Lara predicted that prediction markets will eventually grow larger than stock exchanges, making the comment during an appearance at Web Summit in Rio de Janeiro. She also emphasized Kalshi's willingness to work with regulators. No timelines or specific market-size figures accompanied the forecast.
Why this matters?
If institutions believe Lara's forecast even directionally, it reframes the liquidity challenge Risk.net identified as a temporary onboarding problem rather than a structural ceiling. DRW, Wintermute and IMC's new desks now look less like an experiment and more like first-mover positioning for a venue class that could absorb equity-style order flow.
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