Kalshi added safeguards to block politicians and athletes from trading contracts.
Insider risks in prediction markets are rising as real money flows increase.
Bipartisan Senate bill targets sports and casino markets on regulated platforms.
Kalshi is tightening controls before regulators force the issue, as the firm’s head of enforcement, Robert J Denault, confirmed new guardrails designed to block politicians and athletes from trading in sensitive markets.
The target is to remove participants who could act on non-public information before it hits the market. Notably, these controls have been in development for months, but rollout now aligns with recent guidance from the Commodity Futures Trading Commission (CFTC) and fresh proposals in Congress.
The plan includes reducing insider access, reducing manipulation risk, and protecting market credibility. Kalshi wa…
Read The Full Article Kalshi Tightens Insider Controls as Senate Targets Prediction Markets On Coin Edition.