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Kalshi to collect employment info from customers trading in some high-risk markets
Kalshi said it has opened more than 150 investigations this year and blocked over 100 potential insider trades with new screening tools.
- Kalshi announced Tuesday that it will begin collecting customer employment information for users looking to trade in specific prediction markets flagged for a heightened risk of insider trading.
- The platform will implement a new internal risk-scoring system to evaluate event contracts. If a market scores high for potential manipulation or insider access, users will be required to submit their employment details before they are permitted to trade.
- The data will be used to filter out "presumptive insider traders"—individuals holding material, nonpublic information due to their professional roles—who will be blocked from participating in those specific high-risk markets.
- The policy shift follows a string of high-profile prediction market scandals, including a federal investigation into former Congressman George Santos for allegedly betting on his own State of the Union attendance, and an April case where a U.S. Army soldier used classified intelligence to profit $400,000 on Polymarket regarding military movements in Venezuela.
- The integrity measures aim to solidify Kalshi's regulatory standing as a federally regulated exchange overseen by the CFTC, helping it draw a sharper contrast with offshore, unregulated competitors like Polymarket.
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23 Articles
Kalshi now requiring users to disclose employers for some bets after string of insider trading scandals
Users who want to bet in markets that have the potential for foul play will need to submit an online form disclosing their employers, Kalshi said Tuesday, with the changes going into effect in the coming weeks.
·New York, United States
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Prediction market Kalshi bets on compliance to address insider trading concerns
June 9 : Prediction market Kalshi said on Tuesday it will mandate employment disclosures for users trading on sensitive contracts and launch a whistleblower portal, steps aimed at aligning the platform with regulatory expectations for market integrity.The move by Kalshi marks a shift toward building instituti
·Singapore, Singapore
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Coverage Details
Total News Sources23
Leaning Left9Leaning Right5Center7Last UpdatedBias Distribution43% Left
Bias Distribution
- 43% of the sources lean Left
43% Left
L 43%
C 33%
R 24%
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