Kalshi CEO Tarek Mansour Says Prediction Market Favorites Won 479 of 487 U.S. Election Races, or 98%

According to ChainCatcher, Kalshi co-founder and CEO Tarek Mansour said prediction market favorites won 479 of the first 487 races in yesterday’s U.S. elections, a 98% win rate. Mansour said political elites had repeatedly dismissed markets as uninformed, while ordinary people used prediction markets to express their judgments accurately. He added that the markets aggregate local knowledge from across the country and let people contribute without titles or large followings, changing the structure of information power.