Overview
- Kalshi announced Tuesday that it will require users to disclose employer details for markets it flags as high risk and will screen some traders before they can place bets.
- The platform also rolled out a market risk‑scoring system, expanded 24/7 surveillance and a whistleblower channel to detect and block suspicious activity.
- Kalshi disclosed first‑quarter enforcement figures showing more than 150 investigations opened, over 100 potential insider trades blocked by its tools and more than 20 referrals to law enforcement.
- Federal prosecutors have charged individuals in recent months for alleged insider trading on prediction markets, including a U.S. special forces soldier and a Google employee, and investigators are probing trades linked to George Santos.
- The moves come as the CFTC prepares formal rulemaking to review or bar certain contract types such as war‑related wagers and spot‑fixable sports bets while state lawsuits and cross‑jurisdiction disputes complicate enforcement of growing, highly granular markets.