Kalshi co-founder and CEO Tarek Mansour said in a post on X that, in the U.S. election held yesterday, favorites in prediction markets won 479 of the first 487 races, a 98% hit rate. Mansour argued that Washington, D.C. elites had repeatedly dismissed markets and assumed that "these people" did not understand politics, while ordinary participants used prediction markets to express their views with accuracy. He added that prediction markets aggregate local knowledge scattered across different places, allowing people to contribute without titles or large followings. In his description, that process changes how informational power is distributed. The remarks were cited by ChainCatcher in a market analysis brief.
According to ChainCatcher, Kalshi co-founder and CEO Tarek Mansour said in a post on X that, in the U.S. election held yesterday, favorites on prediction markets won 479 of the first 487 races, for a 98% success rate.
Mansour said Washington, D.C. elites had repeatedly looked down on the market, believing that "these people" did not understand politics, while ordinary people expressed their judgments accurately through prediction markets.
He also said prediction markets aggregate local knowledge spread across different places, letting people speak without titles or massive follower counts, and changing the structure of informational power.
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