Key facts
- Kalshi will require users to disclose employment information for certain high-risk markets.
- The new measures aim to prevent insider trading and market manipulation.
- A whistleblower portal has been launched for users to report suspicious activity.
- Kalshi has opened over 150 investigations and blocked more than 100 potential insider trades this year.
- The exchange referred over 20 cases to law enforcement and took five disciplinary actions.
Prediction market operator Kalshi is implementing new compliance measures, including mandatory employment disclosures for users trading on sensitive contracts and the launch of a whistleblower portal, to enhance market integrity and address mounting concerns over insider trading. The exchange confirmed it has opened more than 150 investigations this year, blocked over 100 potential insider trades, and referred more than 20 cases to law enforcement. The new requirement applies to markets deemed at higher risk for insider trading or market manipulation, such as contracts pegged to corporate performance, national security, and major geopolitical flashpoints. Kalshi also announced a 'risk scoring framework' to identify markets with elevated insider trading risk and assess potential national security concerns. These changes come amid scrutiny from lawmakers and reports of federal regulators investigating potential insider trading on the platform.