Kalshi to Collect One More Piece of Info From Users
Newser • • business
Key Points:
- Kalshi, a CFTC-regulated prediction market, plans to require some traders to disclose their employers before betting on events involving sensitive, nonpublic information to prevent insider trading.
- This new policy, based on an external audit committee's recommendations, will be implemented in the coming weeks.
- Markets will be assigned risk scores for potential insider trading or manipulation, and traders must provide employer information if the score exceeds a certain threshold.
- Traders identified as "presumptive insiders" will be blocked from betting on relevant markets, though employer information will only be verified if suspicious trading activity is detected.