politics
Kalshi to begin collecting customer employment information in some markets
Prediction market platform Kalshi will start verifying the employment of its users in markets that are at high risk for insider trading, the company announced on Tuesday.
TL;DR
- Kalshi will implement employment verification for users in high-risk insider trading markets.
- A "risk scoring" system will identify markets susceptible to insider trading or manipulation.
- This move addresses concerns about government employees and public officials using prediction markets.
- The Department of Justice is investigating former Rep. George Santos for alleged insider trading on Kalshi.