Kalshi Will Require Employment Info For Some Bets As An Insider Trading Precaution
But the rules may pose a minor hurdle for people who just have to cheat.
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Kalshi is taking a new step toward preventing insider trading on its platform. For certain bets, the prediction market will require users to disclose where they work. The new rules will be rolling out in the coming weeks, and are expected to be applied to topics such as company performance and national security, although the exact guidelines have not been disclosed yet.
A rep from the company told The Wall Street Journal, which first reported on this change, that Kalshi would typically confirm the employment information if it finds suspicious activity connected to an account.
Insider trading has been a recurring problem for prediction markets. Kalshi has already had multiple high-profile cases on its watch, including an employee of YouTuber MrBeast and three political office candidates, one of whom tried to...
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