Prediction market platform Kalshi announced a new initiative Monday aimed at preventing insider trading, as lawmakers ramp up efforts to regulate the fast-growing industry.
The company, which allows users to bet on anything from the weather to geopolitical events, said it will expand safeguards to block politicians and athletes who may have access to nonpublic information, rolling out new screening tools and enforcement mechanisms.
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What is Kalshi’s new policy?
Kalshi already prohibits athletes from trading on their own games and bars elected officials, including members of Congress, from participating in its markets. The new initiative builds on those restrictions with more proactive enforcement.
The company will introduce preemptive screening to block political candidates from trading on markets tied to their own campaigns. It is also expanding restrictions across sports, automatically preventing athletes, team personnel, and referees from trading in markets tied to leagues they are affiliated with.
Previously, such activity was
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