economy
Kalshi rolls out whistleblower services, employment verification to curb insider trading
The platform will require traders to disclose their employer's identity when trading on sensitive markets, a Wall Street Journal article first reported.
TL;DR
- Kalshi is rolling out measures to stop insider trading, effective immediately.
- Traders in certain markets will be required to provide employment details.
- The platform is enhancing whistleblower features to allow traders to report abusive activity.
- New risk scoring will identify markets with potential insider trading or manipulation risks.
- Traders will be screened before trades are placed if a market's risk score meets a benchmark.
- Kalshi claims to have stopped over a hundred possible insider trading incidents in the first quarter using new screening tools.