politics
Kalshi Announces $2 Million Donation to National Council on Problem Gambling
Kalshi will provide $2 million over two years to the National Council on Problem Gambling. The funds support a new initiative on trader health and safety. The announcement comes as prediction markets expand and face regulatory questions from state officials.
May 18, 2:53 PM·1m read1 source
citizen.co.zaAudio version
Tap play to generate a narrated version.
Kalshi announced a two-year, $2 million investment in the National Council on Problem Gambling on Monday. The money will fund a strategic initiative focused on trader health and safety, the NCPG said in a news release. The NCPG created a new membership subcategory for Financial Services & Trading firms. Kalshi will join as a Platinum-level member and become the first company in that category.
Prediction markets let users trade on the outcomes of elections, sports, and other events. Kalshi and other platforms operate in many states, including some where traditional gambling is restricted. Operators maintain that their platforms are financial exchanges governed by federal commodities law rather than state gambling rules.
State officials in several states have argued that prediction markets amount to gambling and should fall under state oversight.
Wogoman, director of policy and partnerships at the NCPG, said the organization’s role is not to determine whether a product meets a legal definition of gambling. He added that the group focuses on education, prevention resources, and support to mitigate harm.
Tarek Mansour, Kalshi’s co-founder and CEO, said the company recognizes that prediction markets carry risks like other financial products. He stated that Kalshi is committed to responsible trading standards and hopes other platforms will follow. The NCPG noted that its new Financial Trader Health and Safety Initiative will develop education and awareness resources for responsible trading across financial markets.
