Kalshi Requires Some Users to Disclose Employer Information to Curb Insider Trading

Prediction-market platform Kalshi has introduced a policy requiring some users to submit employer information as part of an effort to prevent insider trading and market manipulation.

CoinDesk reported on June 10 that Kalshi is implementing new rules requiring users participating in certain markets to provide workplace information and documents related to their employer.

Kalshi said the measure will apply only to markets it considers at higher risk of insider trading and market abuse.

The company plans to review the information to identify potential conflicts of interest and possible improper trading.

Kalshi said the policy is aimed at protecting market integrity and fostering a fair trading environment.

The prediction-market industry has grown rapidly in recent months, with trading tied to political, economic and regulatory events also expanding quickly.

The policy is being viewed as part of a push to build internal controls closer to those used in traditional financial markets. It could also fuel debate over privacy and user access.