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Luana Lopes Lara is the co-founder of Kalshi, an exchange that lets ordinary people bet on everything from the path of inflation to what bills Congress will pass by the end of the year.

Her problem: How to you build a market like the New York Stock Exchange that lets people bet on real-world events?

The Host

Jacob Goldstein

Jacob Goldstein spent more than a decade as co-host of the Planet Money podcast. He's also the author of the book Money: The True Story of a Made-Up Thing, which the New…