Former executive Sara Slane from AGA joins Kalshi's team.
Saucy Take on Sara Slane's New Role at Kalshi
Sara Slane, a seasoned pro with a knack for public affairs and the gaming industry, has just joined Kalshi as their Head of Corporate Development. And who does she report to? none other than Kalshi's co-founder and CEO, the one and only Tarek Mansour. Her new gig? Lead the company's government relations, sports league outreach, and public affairs strategies.
Timing couldn't be better for Sara, as Kalshi is hustling to expand its presence while taking flak from key states. With Sara on board, they could be looking at a smoother regulatory approach and deeper ties with sports entities.
Sara spent half a decade at the American Gaming Association, where she spearheaded the campaign that finally axed the federal ban on sports betting. In 2019, she took the leap and launched her own sports betting consultancy. Over the years, she's had a brush with more than 30 professional sports teams and leagues, and served on various corporate boards, ensuring operators tapped into broader opportunities in the gaming sector.
Tarek Mansour couldn't be more delighted about Sara's join-up, praising her for her legendary track record. "She ran the successful campaign to overturn the federal law banning sports betting and helped leagues and teams monetize off that sweet, sweet opportunity, now she's hitching her wagon to Kalshi, a federally-regulated futures derivative exchange poised to grow this market even further."
He added that Kalshi was keen on expanding its sports presence and planned to leverage Sara's connections and expertise to build partnerships with leagues, teams, and operators. "Sara's got the chops to drive partnerships and squeeze every ounce of opportunity out of future growth."
Now, about Kalshi—these folks have been garnering national attention with their predictive markets on the last U.S. Presidential election. Lately, they've launched event markets on Robinhood for sports bonanzas like the Super Bowl and March Madness.
But, let's not pretend they've had a walk in the park—authorities in Maryland, Illinois, Ohio, Nevada, Montana, and New Jersey have thrown down the gauntlet, ordering cease-and-desist letters galore. Worst come to worst, Sara's here to help Kalshi weather the storm and reshape the financial market like never before.
A Few Thoughts on Kalshi's Regulatory Landscape
Kalshi, a federally-regulated futures derivative exchange, operates under the watchful eye of the Commodity Futures Trading Commission (CFTC) at the federal level. While this sets it apart from traditional gambling and sports betting platforms, it's still subject to strict standards similar to major futures exchanges. However, its regulatory status varies state-by-state, as follows:
- Maryland: Currently embroiled in a legal tussle with Maryland Lottery and Gaming.
- Illinois: Kalshi's regulatory footing is unclear, but given its federal regulation, it may be able to operate unless specific state regulations intervene.
- Ohio: Just like Illinois, Kalshi's stance in Ohio isn't crystal clear.
- Nevada: Secured a favorable court ruling, allowing it to operate its sports event contracts.
- Montana: Similar to Ohio and Illinois, Montana's stance is currently foggy.
- New Jersey: A federal court greenlit Kalshi to offer its sports event contracts, hooray!
All in all, Kalshi grapples with legal challenges in Maryland, has secured favorable decisions in Nevada and New Jersey, and the regulatory landscape in Illinois, Ohio, and Montana appears hazy based on the available information. But hey, that's why we've got Sara now, right? Let's see what she can do to turn things around!
BetUS*C'mon, Baby! Grab 125% / $2,500 on 1st deposit! Visit Site*Sara sure seems keen on helping Kalshi redefine the future of prediction markets. Grab a front-row seat to watch this game-changer build coalitions, educate, and drive business development as Kalshi reshapes the financial market for consumers and institutions alike!
- Tarek Mansour, thrilled about Sara Slane's joining Kalshi, believes she can reshape the financial market with her expertise in sports and consultancy.
- Sara Slane, the new Head of Corporate Development at Kalshi, is set to leverage technology in sports and her extensive networking to reshape the company's strategies.
- With Sara Slane leading government relations and sports league outreach, Kalshi might experience a significant reshaping of its financial market presence.
- In the midst of legal challenges, Kalshi, under Sara Slane's guidance, strives to reshape its regulatory landscape in several states, aiming to grow its futures derivative exchange market.
