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Kalshi said Tuesday that it will roll out measures to clamp down on insider trading, including a requirement for traders to provide employment details, as well as offering whistleblower services.
The platform said it's making these changes "effective immediately" after an advisory committee called for stronger measures. Traders in certain markets will be asked to submit details on their employment, Kalshi said.
The move comes amid rising scrutiny of possible insider trading on prediction markets. Federal prosecutors a Google employee with fraud in May, noting the employee made over a million from insider information on Polymarket.
The first reported that Kalshi will require traders to disclose their employer's identity in certain cases.
Kalshi said it will provide three features, including risk scoring, which will provide a "risk score" to markets having possible insider trading or manipulation risk. The platform will have six ways of measuring a market's risk, including if it is a concern for national security...
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