Kalshi launches features to keep kids off betting platform

Kalshi launches features to keep kids off betting platform

The prediction market Kalshi is cracking down on kids using the platform, launching new features Monday to prevent individuals younger than 18 years old from accessing the site. The platform is making face ID the default for users who already have the feature enabled on their devices and encouraging parents to use it and two-factor…

Exclusive: Kalshi announces steps to keep kids off prediction market

Kalshi is putting in place new tools to prevent minors from trading on the prediction market, but is resisting calls to block ages 18-20.Why it matters: Prediction markets are surging in popularity as a way to risk money on sports, politics and news — but they're also facing mounting political scrutiny over their contribution to America's gambling culture.Driving the news: Kalshi CEO Tarek Mansour tells Axios that while kids are already banned f…

Kalshi to Launch Parent ID Check Tool, Says CEO Tarek Mansour

Within the framework of the Semafor World Economy Summit, Tarek Mansour, CEO of Kalshi, announced the implementation of a set of tools designed to prevent minors from trading in its prediction market. The main measure includes a “Parental Portal” where guardians can register their identity to verify if their data has been illicitly used to open accounts, in addition to an identity validation system using artificial intelligence that matches “sel…

Kalshi has implemented new techniques to keep minors off its website

Prediction Market Platform Kalshi has implemented new techniques to keep minors off its website. This comes after years of ignoring a common loophole in which young people used their parents’ identities to sign up. The announcement was made by CEO Tarek Mansour at the Semafor World Economy Summit. Kalshi CEO announces new parental portal for user verificationSource: @semafor Resolving this issue has severe financial and legal implications for a …