The CNBC Changemakers and Power Players podcast features conversations with leaders shaping the future of business, policy, and culture. In this episode, CNBC's Julia Boorstin sits down with Luana Lopes Lara, co-founder and Chief Operating Officer of Kalshi and a 2026 CNBC Changemaker. Kalshi co-founder and Chief Operating Officer Luana Lopes Lara talks about how her path — from growing up in Brazil and training in ballet to studying at MIT and working on Wall Street — shaped her discipline and her comfort with high-stakes bets. She opens up about the years she spent pushing through regulatory roadblocks to legalize Kalshi in the U.S., and how she and her co-founder set out to build something fundamentally different: a platform where people trade on real-world outcomes, not stocks. She also explains why she believes prediction markets will be bigger than the stock market. Disclosure: CNBC and Kalshi have a commercial relationship that includes a minority investment. Follow and listen to the “CNBC Changemakers and Power Players” podcast on Apple and Spotify. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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