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Larry Tabb questioned where the Kalshi contract is for a wager on the transition to a fully digital stock market. He expressed willingness to take the opposite position on a bet that the U.S. stock market will become completely digital within two years.
Tabb's comment highlights ongoing industry discussions about the pace and likelihood of a total digital transformation in equities trading.
Tabb has previously discussed industry risks tied to prediction markets. He highlighted concerns about brokerage firms enabling customer access to gaming contracts. In that context, he pointed to the potential for market manipulation linked to these products.