Kalshi Adds Employer Verification and Risk Scoring to High-Insider-Risk Prediction Markets

Kalshi will require users placing certain wagers to disclose their employers starting in the coming weeks. The policy applies to markets the company identifies as having heightened insider or manipulation risk. Kalshi announced the employer-disclosure requirement on Tuesday.

Users who want to bet in those markets must submit an online form listing their employer before placing trades. Kalshi said the change will let it identify presumptive insiders—people who have material, non-public information about a market’s outcome—and screen them out before a trade is ever placed.

The company is introducing a new risk-scoring system that evaluates factors such as national-security and geopolitical implications tied to wagers.

The policy was requested by a recently formed audit committee focused on market integrity. The committee recommended more stringent security measures to address insider trading and market manipulation. Kalshi is led by CEO Tarek Mansour.

The platform allows users to bet on topics from sports to geopolitics. Earlier this year, Kalshi and rival platform Polymarket announced policies to prevent insider trading. Lawmakers also introduced legislation to bar prediction markets from offering bets on sports and casino-style games.

Last month, House Oversight Committee Chairman James Comer demanded information from the CEOs of Kalshi and Polymarket over accusations that the platforms have allowed insider trading to run rampant. The Department of Justice recently launched an investigation into disgraced ex-Rep.

George Santos after he allegedly used Kalshi to bet on his own appearance at President Trump’s State of the Union address in February.

2 million trading on confidential business information related to Google searches. In February, prediction market activity surged as suspected insiders made more than $1 million from contracts tied to the US-Israeli airstrikes on Iran.