tmansour

5 ms·

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by tmansour 3y ago
We're trying to fix that at kalshi.com :)
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Kalshi (YC W19) Is Hiring
1 points by tmansour 3y ago
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Kalshi (YC W19) Is Hiring
1 points by tmansour 3y ago
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GPT Powered Chatbots
3 points by tmansour 4y ago|4 comments
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by tmansour 4y ago
We don't do sports
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by tmansour 4y ago
If you're for everyobody, then you're for nobody!
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by tmansour 4y ago
We are perfectly allowed to be called a prediction market. That is not what I was saying in my text. We are fully regulated by the CFTC. Our ethos has been do regulation from day 1 and we spent 3 years getting regulated before we launched a
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by tmansour 4y ago
It's 25k downside exposure limit (doesn't mean your upside is capped at 25k). Also even if you can't hedge the exposure in its totality, it is still worth hedging a fraction of it. "Under-hedging" is a common term i
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by tmansour 4y ago
+1 on this answer - there's a ton more examples here: student loans, climate policy, hurricanes, inflation, etc.
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by tmansour 4y ago
LedgerX team is more tech savvy and higher execution team. We considered all options and LedgerX was the superior one for our needs. LedgerX is fully separated from rest of FTX from financial perspective by virtue of CFTC regulation, so no
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by tmansour 4y ago
love to get your thoughts on what was the main source of failure
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by tmansour 4y ago
There's a non-trivial chance we might be available in Euro area next year, but early to tell right now as we're focused on US.
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by tmansour 4y ago
We'll be exploring AND/OR and conditional markets at some point... liquidity permitting.
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by tmansour 4y ago
It's a prediction market in some ways... though prediction markets have been historically associated with unregulated venues etc. We're fully regulated by the federal government as a derivatives exchange, and that's a big dif
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by tmansour 4y ago
Yepp! and other big players like CME. I'm super excited about that: we finally opened the space in a way that is meaningful enough for the big players to start taking note and join. I think the events trading ecosystem is still very mu
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by tmansour 4y ago
Good question. Among a number of other safeguards that I mentioned in a reply above, we often use well established and reputable data sources that either 1) already have restrictions on their employees trading on the event or 2) we enter in
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by tmansour 4y ago
Augur tried this and doesn't seem to have gained a lot traction doing so. Any staking schemes that were developed were relatively easily gamed and that led to distrust in the system. We, like traditional financial exchanges, define the
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by tmansour 4y ago
thank you my friend - hope you give it a spin and send feedback my way
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by tmansour 4y ago
It is a separate asset class yes. But it ties to other markets in a number of ways. In your example, there's two things you could do depending on your usecase: 1) You think inflation will go up and capitalize on it. Today, you might t
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by tmansour 4y ago
There's a few points here - I'll try to address one by one: 1) Hand-wavy exchange of money. Most of the derivatives market, including some of the most traditional instruments like energy Futures, have massive amount of cash-settl
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by tmansour 4y ago
I agree. The space is getting increasingly more savvy about how to handle this question in the derivatives markets though!
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by tmansour 4y ago
We've been committed to battling through regulations to open and expand the market for close to 4 years now. As I posted above, here's more (insider) information about what happened with PredictIt: https://www.capitolac
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by tmansour 4y ago
It's something we may consider in the future... there's a lot we'd need to figure out from a regulatory standpoint before we get there.
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by tmansour 4y ago
Great question. A few things here. 1. we spent years working with the regulators on defining and building our surveillance systems. They basically ingest data from the exchange and run stats/some ML to flag suspicious trading patterns
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by tmansour 4y ago
LedgerX is the only entity in the FTX empire that is fully shielded financially by virtue of being federally regulated by the CFTC. These are exactly the types of situations where regulation matters most! We have seen no impact from that fa
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by tmansour 4y ago
this insider article should clear up a few things! https://www.capitolaccountdc.com/p/gambling-on-politics-an-i...
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by tmansour 4y ago
Btw we have a discord channel if you want to join - traders tend to chat/debate/share trading strategies/troll us there: https://discord.gg/rJpKGZk6Wt
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by tmansour 4y ago
noted - thanks for the suggestions!
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by tmansour 4y ago
YC has funded a ton of great financial companies eg. Coinbase, One Chronos, etc. We're a derivative exchange regulated by the CFTC. We're no more gambling than grain futures are!
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by tmansour 4y ago
That's a good point - I didn't really think about this when posting (growth team really wanted those in). Dang let me know if I should take them down/if they're super annoying.

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