Discussion

• @mikeisaac Rat King on x

  am guessing prediction markets become a bipartisan popular takedown issue based on how quickly both sides have realized that young people are obsessed with this stuff

• @aoc Alexandria Ocasio-Cortez on x

  This is absolutely not enough. Just on the policy piece alone, there are SO many individuals - staff, advisors, consultants, cabinet secretaries, spouses, and more - that can trade on insider information. This is just a fig leaf to deflect from criticism. We need to do more.

• @quinnypig Corey Quinn on x

  Good thing those people don't have spouses, friends, etc. who they can tip off / collude with.

• @adamscochran Adam Cochran on x

  Now I wanna see the NASDAQ block Congress from trading stocks related to committees they're on!

• @nostroah Noah Zingler-Sternig on x

  Pre-blocking is an incredible evolution of the already very capable surveillance technology at Kalshi.

• @zhoujaron Jaron Zhou on x

  These proactive anti-insider trading restrictions go beyond even what stock exchanges offer btw

• @mansourtarek_ Tarek Mansour on x

  No screening system is perfect and bad actors will always try to cheat. So, we added a whistleblower functionality in our market page to make it easier for traders to flag potential violations. [image]

• @mansourtarek_ Tarek Mansour on x

  Two new guardrails: 1. Screen and block politicians from trading on their own campaigns. 2. Screen and block athletes from trading on their own leagues. We already banned, monitored, and enforced against it. Now our systems also look to block it pre-trade.

• @mikeisaac Rat King on x

  fascinating that Kalshi, a prediction market, is ahead of congress on blocking trading on insider info (an issue that has zero bi-partisan congressional support to tackle despite multiple bills proposed over the past few years)

• @zhoujaron Jaron Zhou on x

  We just announced new industry-leading efforts to preemptively block politicians and sports personnel from trading on relevant markets. Huge step in stopping insider trading before it even happens.

• @benhorney Ben Horney on x

  Kalshi announces what was reported not an hour ago- new guardrails against insider trading that include prohibiting athletes and politicians from trading on certain markets. This does not appear to be a comprehensive ban on athletes and politicians—only for certain markets.

• @robertjdenault @robertjdenault on x

  Today, we're announcing an expansion of our efforts to prevent insider trading on Kalshi - new guardrails and policies to preemptively block politicians and athletes from trading in certain politics and sports markets. These efforts, which have been in the works for months,

• @michaelsderby Michael Derby on bluesky

  Axios reports one of the big “prediction” gambling sites is banning politicians and sports pros from using the platform, I wonder why they need to do that?

• r/technology r on reddit

  Exclusive: Kalshi to block athletes and politicians from trading on their markets

• @bobbyallyn Bobby Allyn on x

  this gives the impression of a new shoring up of integrity protections, but this type of betting on prediction markets is already illegal. and even with laws, platform policies, KYC rules, it doesn't take much to figure out how to trade on sports and political inside info