Market Cap w/ Andy Ross from Kalshi

Show Notes

🎥 Watch the video version: https://www.youtube.com/watch?v=JjEKCOK4ZgE

On this Market Cap episode, our Director of Institutional Partnerships, Stefano Sanabria speaks with Andy Ross, Head of Institutional at Kalshi.

Kalshi enables investors to trade on almost anything with economic relevance, broadening the historical definition of what a commodity derivative is and paving the way for the futures market to catch up to the novel risks facing the economy today.

Kalshi is the first CFTC regulated exchange dedicated to trading on the outcome of future events and is backed by Sequoia, Henry Kravis, Charles Schwab, and Y Combinator.

Chapters
2:37 Why Prediction Markets Beat Algorithms At Truth
9:02 Why Retail Experts Make Institutions Smarter
13:35 Turning One Stock Into Tradable Risk Factors
17:19 From Ice Cream Shops To ARK Invest Hedges
23:24 Why Markets Reward Accuracy Over Consensus
27:27 Regulated Markets Win On Trust, Not Hype
39:03 How The World Cup Became A Hedging Market
46:21 Why Prediction Markets Are A Public Good
49:47 Arbitraging Fed Odds Across Kalshi And CME
54:09 Becoming Core Infrastructure For Trading Firms
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On Market Cap we feature firms and funds to explore the thinking that guides them, the patterns they observe, and other forces moving the markets.

What is Market Cap?

Market Cap is the show for serious capital in crypto. Stefano hosts allocators, market makers, and institutional operators to unpack the flows, structures, and mechanics shaping the asset class. Conversations focus on market structure, liquidity, the bridge between TradFi and crypto, and the questions allocators are actually asking. Built for professionals who treat crypto as a market, not a meme.