Kalshi COO recounts the regulatory fight behind its election-market lawsuit
In a podcast released October 19th, Luana Lopes Lara describes fearing failure at a $1 billion valuation and pushing Kalshi to sue the CFTC.
By Ryan Merket · Published
Primary source: X
Why it matters
Lara's account connects Kalshi's early survival decisions to the legal strategy behind its federally regulated exchange. The 2024 ruling cleared a path for Kalshi to offer election contracts tied to control of Congress, but it did not settle how states can regulate the company's broader markets. Utah's October 2026 suit shows that the regulatory fight continues.
"Tarek was right and I was wrong," Kalshi co-founder and COO Luana Lopes Lara says of the fallout from the company's lawsuit against the Commodity Futures Trading Commission, in a 42-minute interview released October 19th.…
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