Behind Kalshi’s $22B rise: Betting on addiction with Dr. Rian Kabir

In this special episode of Lifers, Christina Farr sits down with Dr. Rian Kabir, a psychiatrist and medical AI expert, to discuss the mental health implications of Kalshi's $22 billion valuation. They explore whether prediction markets constitute gambling, the addictive risks of frictionless betting apps, and what Rian is seeing in his own clinical practice. A timely conversation on the societal costs of a rapidly growing industry.—Join Christina for an upcoming webinar:* ⁠5/19 - What will AI do for employer healthcare and benefits with Garner Health - https://streamyard.com/watch/sQfWpwRzMqWE * 5/21 - The case for building an AI native electronic health record system - https://streamyard.com/watch/RCVSNheSPePs * ⁠⁠6/3 - Privacy, AI & the future of HIPAA with the former founding director of ONC - https://streamyard.com/watch/bzW4sh8WAPyS * ⁠⁠6/23 - Not everyone can access the top 1% of physicians. Will AI change that? - https://streamyard.com/watch/qY9td6fhiXK3 —SPONSOR: GranolaGranola AI, The AI notepad for people in back-to-back meetings: https://granola.ai/lifers with code: LIFERSInterested in sponsoring the show? lifers@a16zstudios.com—LINKS: Chrissy’s Tweet: https://x.com/chrissyfarr/status/2053457349075976665?s=20 Chrissy Farr on YouTube: https://www.youtube.com/@LiferswithChristinaFarr Chrissy Farr on Instagram: https://www.instagram.com/cfarr/ Subscribe to the Second Opinion Newsletter: https://secondopinion.media/ Chrissy’s Book: The Storyteller's Advantage: https://www.chrissyfarr.com/books —FOLLOW:Rian:https://x.com/RianKMD  Chrissy:https://www.linkedin.com/in/christinafarr/ https://x.com/chrissyfarr —TIMESTAMPS:(00:00) Intro(00:24) Kalshi valuation sparks debate(02:04) Why app gambling hits hard(04:55) Addiction risk factors explained(06:26) Kalshi vs sports betting apps(08:18) Clinical fallout and suicide risk(10:05) Sponsor: Granola(10:44) Age limits and young brains(13:02) Juul parallels and VC ethics(15:17) Regulation incentives and society(17:17) Wrap