Key facts
- Kalshi is strengthening safeguards for traders aged 18 to 20.
- A $2,500 monthly deposit limit will be introduced for young traders.
- Alerts will be triggered for new traders with balances over $1,000 who allocate more than 25% to a single trade.
- Kalshi partnered with Parent ProTech and ConnectSafely for parent guides.
Kalshi is enhancing its platform's safeguards for traders aged 18 to 20, aiming to mitigate addiction risks and encourage responsible trading practices. The new measures come ahead of the US midterm elections. The company stated that traders in this age group will face a $2,500 monthly deposit limit. Additionally, new traders with balances exceeding $1,000 will receive alerts if they allocate more than 25% of their funds to a single trade, promoting diversification. Kalshi, along with platforms like Polymarket, has seen increased popularity but also faces criticism regarding potential gambling resemblance and addiction risks. The company also announced partnerships with Parent ProTech and ConnectSafely to develop educational materials for parents.