Tarek grew up in Lebanon, where uncertainty was part of everyday life. He was raised by a single mom who did everything in her power to shield her family from the volatility. Instability affected people both materially and psychologically, and events outside their control often determined their life choices. It’s hard to plan for your future when you’re worried about whether you can count on the basics.

That experience is part of why he started Kalshi: to give people a way to manage the risks of events outside their control in a world that is becoming more unpredictable, not less.

Tarek and his co-founder, Luana Lopes Lara, chose to build Kalshi in New York. For a financial exchange, it was a natural home, with so much of the industry’s history here, along with the people and institutions shaping its future. The city has helped build Kalshi, and their connection to it has deepened along the way.

Their first office was in SoHo, right........

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