2026-01-08 01:25:11

The CEO of prediction market platform Kalshi, Tarek Mansour, spoke out on January 8th. He publicly supported a piece of legislation pushed by New York State Assemblymember Ritchie Torres on social media — simply put, to set red lines in prediction markets, prohibiting government officials from trading using their official positions.

Mansour also added a key detail: the recent insider trading scandals that have come to light are mainly caused by unregulated offshore platforms. The implication is clear — legitimate players (like Kalshi) actually support stronger regulation.

Ritchie Torres plans to formally introduce a bill called the "2026 Financial Prediction Market Public Integrity Act" this week. What is the core content of this bill? It prohibits federal elected officials, political appointees, and administrative employees from betting in prediction markets if they possess non-public information related to trading, or if they could potentially obtain such information through their official duties. It’s like putting a tight leash on officials.

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SchrodingersFOMO

· 22h ago

Haha, here we go again. This time it's the prediction market. The officials' cash cow is about to be smashed. I find this move interesting. Kalshi is eager to cut ties with offshore platforms... Basically, they're just afraid of being implicated. If it really gets implemented, those in the US political circle will definitely lose their temper, haha. The offshore crowd is indeed causing trouble, but the mainstream forces shouldn't pretend to be so innocent... They're all cut from the same cloth. If the bill passes, that would truly be anti-corruption—more effective than anything else.

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ForkItAllDay

· 01-10 15:52

Offshore platforms taking the blame, the mainstream players just enjoying the benefits... I’m familiar with this routine. --- Are all these unregulated platforms involved? Why do I feel it’s a bit too coincidental? --- Prohibiting officials from trading—if this legislation can really be enforced, that would be ridiculous. --- Kalshi’s stance is pretty clear this time; when regulation comes, it actually becomes their moat. --- Wait, what about officials who have already traded? Just wait and see? --- Imposing restrictions on officials? Wake up, it’s already good if it can be enforced properly. --- The mainstream army calls for stronger regulation, but honestly, they just want to eliminate competitors. --- Another bill that looks righteous but actually helps big players. --- Prediction markets are inherently easy to manipulate; no surprises there. --- Mansour timed his stance quite well; he spoke out as soon as the public opinion wave started.

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GlueGuy

· 01-09 03:02

Haha, Kalshi's move is quite clever. The legit team is shifting the blame to offshore platforms, while also portraying themselves as regulators... Everyone understands. --- Oh my, another piece of legislation is coming, and officials' little slush funds are about to be regulated to death. --- Are offshore platforms really the source of evil? That doesn't quite hold up. --- Honestly, they just want to regulate the market and blame all the chaos on those black platforms. Clever. --- Is the ban on officials trading finally coming? The current group should be scared now. --- It's ridiculous that Kalshi supports this bill. It feels like they're helping to eliminate their competitors. --- The tightening is real, but who will supervise these people to ensure they actually follow the rules?

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AirdropDreamBreaker

· 01-08 01:55

The scapegoat for offshore platforms has been confirmed. Kalshi's self-rescue this time is too obvious. When regulators come, everyone has to behave. It's also too outrageous for officials to play prediction markets. This bill must pass. Wow, banning officials from trading? It should have been like this a long time ago. The previous insider trading cases were so outrageous that they defied reason. The mainstream forces want to shift the blame to black platforms? Ha, I'll first see how far this bill can go. I wholeheartedly support putting a stranglehold on officials, but the problem is, can it really be enforced?

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DAOdreamer

· 01-08 01:55

Haha Kalshi is passing the buck, offshore platforms are the scapegoats for real. --- Here comes another round of "We are good kids, it's all others who messed up," fine. --- Banning officials from betting? If this bill really passes, then it's news; right now, it's just talk. --- Support regulation for legitimate institutions... I just lol. Who doesn't want to eliminate competitors? --- Can prediction markets still be played? Officials banning them is truly boring. --- Offshore platforms are scapegoats, legitimate institutions are whitewashing; this routine is getting old. --- I like Torres' move, but I just don't know if it can be implemented. --- So, grassroots users are still the most miserable; these bigwigs are all on the road to cutting leeks. --- Regulations are getting stricter, it feels like the good days for prediction markets are over. --- Kalshi has learned: first seek trust by cooperating with regulators, then monopolize the market—that's the real Web3 flavor.

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StakoorNeverSleeps

· 01-08 01:50

Here comes another wave of the narrative "We are good guys, others are bad guys." Kalshi's public relations this time are indeed brilliant. Wait, about banning officials from trading... can it really be enforced? Feels more like a show. Offshore platforms definitely need regulation, but the legitimate players shouldn't pretend to be innocent; everyone knows what's going on. If this bill really passes, the way prediction markets operate will have to change significantly. It's quite interesting. The tightening measures on officials are here. Are they panicking... Kalshi supports regulation? That's because it can firmly hold down competitors. Clever move. Why does it seem like these bills are always loud in the rhetoric but small in action? The key still lies in enforcement; talking on paper is pointless. Anyway, politicians participating in prediction markets is inherently problematic. Regulation is necessary.

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BearWhisperGod

· 01-08 01:40

The regular army is getting anxious, first shifting the blame to offshore platforms, then supporting regulation... I really have to say, I’m impressed by this routine. The officials should stop meddling, but whether this bill will actually be implemented is hard to say. Kalshi’s move this time is just trying to whitewash itself; smart people can see through it. Insider trading definitely needs strict investigation, but it just feels like a show. Banning officials from betting? Haha, about time. Otherwise, prediction markets would just become casinos. Offshore platforms being the scapegoats is solid evidence, but can those on-chain things really be controlled? Regulation coming is a good thing, it all depends on how well they execute. If this bill really passes... officials will probably go into a frenzy. Kalshi was so arrogant before, now they’re changing tune to support regulation? That’s interesting.

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MEV_Whisperer

· 01-08 01:29

The offshore platform scapegoat is back online, and Kalshi's explanation is indeed meticulous. Politicians trade while legislating, this script is just too outrageous. Putting a tight leash on officials? It still feels like there are loopholes to exploit... Regulation is just afraid of loud thunder but little rain; let's wait and see what happens next. So, the mainstream support for regulation is probably just to drive small platforms to extinction. Sounds good, but who will actually supervise these people?

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