Gate News: The $22 billion market prediction platform Kalshi recently launched a “Report Insider Trading” button, allowing users to directly report potential violations below relevant markets. This move is part of Kalshi’s efforts to strengthen platform compliance and trading oversight, along with new tools to restrict political candidates, athletes, and referees from betting on related markets to prevent conflicts of interest and market manipulation.
Kalshi CEO Tariq Mansour said, “There is no perfect screening system, but we hope the reporting feature will enable traders to actively participate in maintaining market integrity.” This initiative comes as Washington lawmakers increase pressure on prediction market regulation. Democratic Senator Adam Schiff proposed the “Prediction Market Gambling Ban,” which prohibits prediction contracts related to sports betting, co-sponsored by Republican Senator John Curtis. Schiff pointed out that such contracts are available in all 50 states and pose clear legal issues.
Since the beginning of this year, lawmakers have introduced six bills regulating prediction markets, including the “Death Bet Act,” aimed at banning contracts related to war, terrorism, assassination, and personal death. Previously, Kalshi and Polymarket shut down markets related to the Iran military conflict, drawing industry attention. Rutgers University statistics professor Harry Crane stated that this regulatory logic also applies to oil, stocks, futures, and other financial products related to war.
Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), emphasized that prediction market regulation falls under the CFTC’s jurisdiction, and platforms need to maintain market transparency and integrity. As the industry develops, prediction market companies like Kalshi are continuously improving compliance systems through technology and user participation, establishing reliable risk control and regulatory frameworks for digital asset trading, crypto derivatives, and prediction markets.
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