Brian Quintenz spent four years as a commissioner of the CFTC and now sits on the board of the Kalshi exchange, so he has heard the gambling charge before. He tells Brian Sozzi that event contracts sit inside derivatives law because events carry real financial risk, that Kalshi follows all 23 core principles binding the CME, and that it is the only exchange in the world screening for insider trading before it happens rather than prosecuting it afterwards. Then he turns the comparison around: a casino sets the odds, and its winnings are its customers' losses. Featuring Brian Sozzi, Executive Editor, Yahoo Finance Brian Quintenz, Board Member, Kalshi Exchange, and former Commissioner, US Commodity Futures Trading Commission Timestamps 0:00 A Kalshi board member on how he spends his time 1:34 How the regulation actually shakes out 2:22 Are prediction markets regulated enough 3:10 "There is an immense amount of insider trading in the stock market" 3:59 What enforcement should look like 5:08 The sports gambling critique, and a $3 trillion industry 5:47 How a casino makes its money, and why an exchange cannot 6:52 When Massachusetts banned its citizens from the Apple IPO 7:13 When the Supreme Court thought grain futures were gambling 8:00 Whether it could still be called sports betting 8:42 The first Super Bowl contract was not on who would win 9:33 Which board he actually sits on 10:07 Suing the CFTC over election contracts 10:59 What separates Kalshi from Polymarket #PredictionMarkets #Kalshi #CFTC #SozziUnleashed #YahooFinance == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571