Kalshi said users will soon have to disclose their employers before placing certain high-risk trades, including contracts tied to corporate performance, national security and major geopolitical events such as the Iran war.
The policy is part of a broader market-integrity push aimed at insider trading and manipulation; Kalshi said it may block some users from specific contracts based on their jobs, though it will not routinely verify employment unless an investigation is opened.
More than 150 investigations this year, over 100 blocked potential insider trades, more than 20 law-enforcement referrals and five disciplinary actions underpin the company’s claim that it is already policing the platform aggressively.
A new risk-scoring framework will screen markets for elevated insider-trading and national-security concerns, while expanded whistleblower tools will feed reports directly to a 24/7 surveillance team.
The changes come as prediction markets face rising scrutiny from the CFTC and state authorities, after cases including a Google employee accused of using confidential search data and Kalshi’s own suspension of three candidates for trading on their elections.
Kalshi, a regulated prediction market, has introduced a new policy requiring users to provide employment data when trading in high-risk markets, such as those related to elections. This move comes as prediction markets face growing scrutiny over insider trading and market manipulation. By implementing this policy, Kalshi aims to enhance market integrity and set itself apart from competitors like Polymarket, which operate outside U.S. jurisdiction. The new requirement builds on Kalshi’s ongoing efforts to establish legitimacy with the public and policymakers, and follows its history of referring suspected manipulation cases to law enforcement.