Kalshi CEO this move is quite strategic; instead of focusing on Polymarket, they are calling on competitors to enter the regulatory framework, showing that in prediction markets, compliance matters more than who is more aggressive.

According to Front Office Sports, Kalshi co-founder and CEO Tarek Mansour stated that he does not see Polymarket as the main competitor, but is instead more focused on platforms like CME, Robinhood, and others. He said that Kalshi has "a whole set of competitors" and believes that competition helps to expand the overall size of prediction markets. He also expressed hope that Polymarket will "enter a regulated framework." He mentioned that Polymarket's international platform has recently been involved in controversies such as insider trading, which could damage the reputation of the entire prediction market industry.