Kalshi Implementing Job Disclosure to Combat Insider Trading Issues

Kalshi, the prediction market operator, will require users to disclose their employment details to reduce insider trading risks. The company reported over 150 investigations and more than 20 referrals to law enforcement concerning potential illegal trading in Q1 2023. It aims to enhance screening measures for markets vulnerable to manipulation, especially those involving national security topics. This move follows concerns over betting by candidates on their own electoral races and illegal trades linked to insider information.