How the Kalshi co founder went from broke to a billionaire at 29
She is now one of the worlds youngest billionaires and what a ride at 29. The betting company is now valued at $1.3BN. She studied at MIT and say an opportunity. She now tops Kylie Jenner who was previously the youngest billionaire having made everything through content.
It all started when she was young and a ballerina. After being a ballenerina she attended MIT studying computer science where she met another student Tarek Mansour, who is now also a billionaire and Kalshi was born. Its an app that allows you to bet on various things. The app exploded doing over $1BN weekly revenues. It allows people to trade on real life events like election results. The platform is registered with the Commodity Futures Trading Commission.
Their biggest competitor like polymarket uses USDC stablecoins which does the same but is allowed to do so without regulation.
This comes in like as the UK has seen Bet365 CEO as the biggest dividend payer in the UK taking home over 200M pounds. Gambling is back in a big way, clearly.