Prediction market platform Kalshi now asks some users to share who they work for, as part of efforts to cut down on insider trading and market manipulation. The new rule targets markets that are more at risk for insider information and comes as prediction markets face more scrutiny from regulators and the public.
Kalshi says traders in higher-risk markets might be checked before they can place bets. The company says this is to spot people who might have important private information that could affect market results.
An independent committee suggested these changes after reviewing Kalshi’s monitoring, enforcement, and market controls.
Kalshi said it stopped over 100 possible insider trades in the first quarter and started more than 150 investigations into suspicious activity. The company also sent over 20 cases to law enforcement and took several disciplinary actions.
This announcement comes as prediction markets get more attention, especially after research showed that a few traders drive much of the price changes. Some high-profile insider trading cases on these platforms have also raised concerns.
Kalshi has also introduced risk-scoring systems and whistleblower reporting tools to strengthen oversight. Industry observers view these measures as a sign that prediction markets are maturing and investing in infrastructure designed to support long-term credibility.
Source: Kalshi.com
Stay informed with the latest trends in Web3, blockchain innovation, and cybersecurity updates at 3verseTV
You need to login in order to Like
Leave a comment