Betting on the Election & Elon Musk’s Tech Gamble 10/04/24

Squawk Pod

The commodities exchange KalshiEx has resumed accepting wagers on the outcome of the 2024 congressional election after a federal appeals court lifted a previous hold. Tarek Mansour, founder and CEO of Kalshi, discusses the potential impact to the current state of the election betting market. And, OpenAI announced a major funding achievement, securing $6.6 billion and reaching a post-money valuation of $157 billion, setting a competitive stage against Elon Musk's AI company, xAI. Walter Isaacson, author and Tulane professor, weighs in on the AI technology race between Elon Musk and Sam Altman. Plus, CNBC’s Frank Holland breaks down the significant labor negotiation concluded with U.S. dockworkers and the United States Maritime Alliance reaching a tentative wage agreement, extending their current contract into 2025.

Tarek Mansour - 15:59

Walter Issacson - 27:29

In this episode:

Frank Holland, @FrankCNBC

Walter Isaacson, @walterisaacson

Tarek Mansour, @mansourtarek_

Becky Quick, @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Zach Vallese, @zachvallese