She's the world's youngest self-made female billionaire

Kalshi Co-Founder and Chief Operating Officer Luana Lopes Lara talks about how her path — from growing up in Brazil and training in ballet to studying at MIT and working on Wall Street — shaped her discipline and her comfort with high-stakes bets. She opens up about the years she spent pushing through regulatory roadblocks to legalize Kalshi in the U.S., and how she and her co-founder set out to build something fundamentally different: a platform where people trade on real-world outcomes, not stocks. She also explains why she believes prediction markets will be bigger than the stock market.

Disclosure: CNBC and Kalshi have a commercial relationship that includes a minority investment.

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