Tarek Mansour, the prediction market’s cofounder, spoke on CNBC on Monday about the lawsuits Kalshi is facing from multiple states. “No matter what they call themselves, prediction markets like Kalshi are gambling platforms, plain and simple. Prediction markets like Kalshi say they operate differently from traditional gambling platforms and abide by the Commodity Futures Trading Commission (CFTC) regulations. In the New York case, the CFTC has sought a temporary restraining order to block state-level regulation of prediction markets. Read the original article on Business InsiderThe post Kalshi CEO says lawsuits are the price of being a disruptor appeared first on Business Insider.