Luana Lopes Lara, the co-founder of prediction market platform Kalshi, went from the Bolshoi ballet school in Brazil to becoming the world’s youngest female self-made billionaire.
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BBC business editor Simon Jack and journalist Zing Tsjeng explain how - in today's online world - literally anything can become a tradable asset. Thanks to early investment, Luana Lopes Lara and her business partner Tarek Mansour convinced US regulators that making bets on real-world events was a form of trading rather than gambling.
00:00 Introduction
03:08 Early life and ballet school in Brazil
06:05 From pro ballerina to university hotshot
09:02 Luana and Tarek's life-changing idea
11:24 Applying to Y Combinator for startups
12:37 Gambling and betting vs trading
18:06 A legal breakthrough
21:16 Luana becomes a millionaire aged 24
23:33 Election contracts: Another first for Kalshi
26:57 Serious money on the table
28:45 The world pays attention to billionaire Luana
31:15 What are the concerns about prediction markets?
36:40 Scoring Luana on wealth, controversy, power, and legacy
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Good Bad Billionaire is the podcast that explores the lives of the super-rich and famous, tracking their wealth, philanthropy, business ethics, and success. There are leaders who made their money in Silicon Valley, on Wall Street and in high street fashion. From iconic celebrities and CEOs to titans of technology, the podcast unravels tales of fortune, power, economics, ambition and moral responsibility. Simon and Zing put their subjects to the test with a playful, totally unscientific scorecard — then hand the verdict over to you: are they good, bad, or simply billionaires?
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