Kalshi to collect employment info from customers trading in some high-risk markets
The platform will score new markets for manipulation risk and screen out presumptive insiders before trades are placed, officials said.
- 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.
40 Articles
40 Articles
Kalshi wants to know where you work
Kalshi, led by CEO Tarek Mansour, is increasing guardrails against insider trading.IMFKalshi will now check its users' employment status before allowing them to bet.This is the prediction market's latest guardrail to weed out insider trading and bad actors.Prediction markets facing strong scrutiny by lawmakers in the country.Kalshi will now ask you where you work before you can start betting.Kalshi's enforcement and legal counsel, Bobby DeNault,…
9NEWS Denver
Prediction market Kalshi to collect employment info from some customers after insider trading scandals
Kalshi will assign a score to new markets to determine how much it believes that particular market is at risk of insider trading or market manipulation.
Washington Examiner
Conservative News DailyKalshi to begin collecting customer employment information in some markets
Prediction market platform Kalshi will start verifying the employment of its users in markets that are at high risk for insider trading, the company announced on Tuesday. The announcement comes as beltway pundits and taxpayers have brought increased scrutiny to the use of prediction market platforms among government employees and public officials in Washington, D.C. Conversations surrounding the threat of insider trading on prediction markets sp…
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.
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
Coverage Details
Bias Distribution
- 45% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
