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Alex Heath

๐Ÿ‘ค Speaker
945 total appearances

Appearances Over Time

Podcast Appearances

Pivot
Betting on Reality with Kalshi CEO Tarek Mansour: ACCESS

I actually think so.

Pivot
Betting on Reality with Kalshi CEO Tarek Mansour: ACCESS

You know, it's interesting.

Pivot
Betting on Reality with Kalshi CEO Tarek Mansour: ACCESS

Like, I think that because, like, let's think about it in simple terms, right?

Pivot
Betting on Reality with Kalshi CEO Tarek Mansour: ACCESS

Like, if you go to stock market and try to buy an option on Tesla, like, how could you know more than, like, the market makers?

Pivot
Betting on Reality with Kalshi CEO Tarek Mansour: ACCESS

I mean, I actually worked at some of these.

Pivot
Betting on Reality with Kalshi CEO Tarek Mansour: ACCESS

How could you?

Pivot
Betting on Reality with Kalshi CEO Tarek Mansour: ACCESS

It's kind of rigged there.

Pivot
Betting on Reality with Kalshi CEO Tarek Mansour: ACCESS

It's like there's asymmetric information.

Pivot
Betting on Reality with Kalshi CEO Tarek Mansour: ACCESS

The large institutions, Wall Street has more information about where options and stocks are going to move than the average person.

Pivot
Betting on Reality with Kalshi CEO Tarek Mansour: ACCESS

It's kind of a truth.

Pivot
Betting on Reality with Kalshi CEO Tarek Mansour: ACCESS

And no matter what you do, you can do all the research in the world on the stock.

Pivot
Betting on Reality with Kalshi CEO Tarek Mansour: ACCESS

You're not going to have the vast data sets and pools of data that the big hedge funds have.

Pivot
Betting on Reality with Kalshi CEO Tarek Mansour: ACCESS

So they will always have an advantage over you.

Pivot
Betting on Reality with Kalshi CEO Tarek Mansour: ACCESS

And to me, it's that imbalance of advantage that make it sort of like,

Pivot
Betting on Reality with Kalshi CEO Tarek Mansour: ACCESS

It's very hard to actually gain an edge if you put effort into the stock market.

Pivot
Betting on Reality with Kalshi CEO Tarek Mansour: ACCESS

On CalSheet, it's different because there's a team of traders, for example, on the weather that scrapes satellite data and they create correlation patterns and they have meteorologists in the team, et cetera.

Pivot
Betting on Reality with Kalshi CEO Tarek Mansour: ACCESS

And they figure out all these sophisticated data science models to predict the weather next day.

Pivot
Betting on Reality with Kalshi CEO Tarek Mansour: ACCESS

And they are making money of it.

Pivot
Betting on Reality with Kalshi CEO Tarek Mansour: ACCESS

They're pretty successful.

Pivot
Betting on Reality with Kalshi CEO Tarek Mansour: ACCESS

And the beauty of it is like, I don't think the hedge funds have any more information than they do, right?