# "We Want to Be Bigger Than the CME" | Kalshi's John Wang

Page: https://stenobird.com/podcast/bankless-357756/we-want-to-be-bigger-than-the-cme-kalshi-s-john-wang
Text version: https://stenobird.com/podcast/bankless-357756/we-want-to-be-bigger-than-the-cme-kalshi-s-john-wang.md
Podcast: [Bankless](https://stenobird.com/podcast/bankless-357756)
Published: 2026-09-01T10:30:00+00:00
Episode link: https://pscrb.fm/rss/p/episode.flightcast.com/01M1E2FC535A4YQ20Y23PKC67B.mp3
Audio file: https://pscrb.fm/rss/p/episode.flightcast.com/01M1E2FC535A4YQ20Y23PKC67B.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/bankless-357756/episodes/we-want-to-be-bigger-than-the-cme-kalshi-s-john-wang
Duration seconds: 4047

## Resource

Kalshi’s ambition extends far beyond winning prediction markets. It wants to become the largest exchange on Earth. John Wang joins David to explain Kalshi’s regulated crypto-perps push, upcoming gold and silver markets, international expansion, and the strategy for turning retail event contracts into serious institutional hedging infrastructure. --- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK https://bankless.cc/near-pod 🔑BITKEY | GET 10% OFF USE CODE: BANKLESS | #bitkeypartner https://bankless.cc/bitkey 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://thedefireport.io/bankless 👑BANKLESS CONTENT MCP https://www.bankless.com/premium --- TIMESTAMPS 0:00 Is Kalshi a Crypto Company? 3:56 Global Expansion and the Regulated Edge 14:55 The Regulated Perps Bet 21:38 Combining Perps and Predictions 27:51 The Insider Trading Problem 38:50 Who Owns Market Information? 45:58 From Sportsbooks to the CME 55:24 Prediction Markets for Institutions 1:02:40 Kalshi Versus Polymarket --- RESOURCES John Wang https://x.com/j0hnwang --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

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## Transcript

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