You're right! Lots of people have tried this before. The main source of failure ... | Hacker News

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		tmansour on Nov 21, 2022 \| parent \| context \| favorite \| on: Launch HN: Kalshi (YC W19) – A regulated exchange ... You're right! Lots of people have tried this before. The main source of failure historically has been regulation. We took the approach of addressing the elephant in the room first. We spent 3 years to crack the regulation case and we got federal approval to make sure we have the potential to get this market to its full potential.

benben613 on Nov 22, 2022 | [–]

Did Kalshi do anything to stop others from operating in this space as well?

faangiq on Nov 22, 2022 | [–]

Definitely not the main source of failure but it’s a reasonable pitch. Good luck.

tmansour on Nov 22, 2022 | [–]

love to get your thoughts on what was the main source of failure

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