Kalshi CEO expresses support for the bill to ban insider trading in prediction markets

2026-01-08 04:29:44

Deep Tide TechFlow News, on January 8, according to The Block, predicted market platform Kalshi’s CEO Tarek Mansour expressed support on LinkedIn for a recent bill proposed by U.S. Representative Ritchie Torres to ban insider trading in prediction markets. Torres earlier this month introduced the “2026 Public Integrity Financial Prediction Market Act,” which would prohibit federal officials, political appointees, and executive branch employees from betting on prediction markets involving “government policies, government actions, or political outcomes.”

Previously, an account on decentralized prediction market platform Polymarket bet that Venezuelan President Nicolás Maduro would be ousted before the end of January and profited $400,000 after his arrest, raising concerns about insider trading.

Mansour emphasized that as a federally regulated platform, Kalshi has adopted insider trading regulations from the New York Stock Exchange and NASDAQ, prohibiting users with non-public market information from trading.

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