🚨 Kalshi CEO admits enlisting influencers to dis Polymarket in a now-deleted podcast segment
Kalshi CEO Tarek Mansour revealed in a podcast that his employees sought social media influencers to promote memes about the FBI's raid on the home of Polymarket CEO Shayne Coplan, aiming to capitalize on the rival company's misfortunes. Both Kalshi and Polymarket operate in the emerging events-betting market, allowing wagers on various outcomes.
Mansour clarified that while Kalshi employees asked affiliates to post memes, they did not pay anyone for this promotion. He also mentioned that Polymarket allegedly employed similar tactics against Kalshi, including false claims of an FBI raid on their company.
The podcast segment discussing these tactics was deleted shortly after airing, but TechCrunch has accessed it. Mansour acknowledged that the social media strategies had gone too far and emphasized that the involved employees recognized it was a mistake. Despite the competitive tensions, Kalshi has remained legally compliant in allowing U.S. trades since 2021, while Polymarket faces legal challenges, including a Department of Justice investigation related to restricted trades.
Kalshi is currently raising over $50 million in a funding round, supported by investors like Sequoia and Y Combinator.
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Kalshi CEO Tarek Mansour revealed in a podcast that his employees sought social media influencers to promote memes about the FBI's raid on the home of Polymarket CEO Shayne Coplan, aiming to capitalize on the rival company's misfortunes. Both Kalshi and Polymarket operate in the emerging events-betting market, allowing wagers on various outcomes.
Mansour clarified that while Kalshi employees asked affiliates to post memes, they did not pay anyone for this promotion. He also mentioned that Polymarket allegedly employed similar tactics against Kalshi, including false claims of an FBI raid on their company.
The podcast segment discussing these tactics was deleted shortly after airing, but TechCrunch has accessed it. Mansour acknowledged that the social media strategies had gone too far and emphasized that the involved employees recognized it was a mistake. Despite the competitive tensions, Kalshi has remained legally compliant in allowing U.S. trades since 2021, while Polymarket faces legal challenges, including a Department of Justice investigation related to restricted trades.
Kalshi is currently raising over $50 million in a funding round, supported by investors like Sequoia and Y Combinator.
💬 Source
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