Uploaded July 2026 | Updated September 2026, 2 weeks ago

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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.

This is an excerpt from Good Bad Billionaire, the podcast that explores the lives of the super-rich and famous, tracking their wealth, philanthropy, business ethics, and success.

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