Catenaa, Wednesday, January 14, 2026- Kalshi’s chief executive publicly threw his support behind new US legislation seeking to bar insider trading practices on prediction market platforms, saying his company already enforces such protections.
Tarek Mansour said in a LinkedIn post that Kalshi supports Representative Ritchie Torres’ proposed Public Integrity in Financial Prediction Markets Act of 2026, which would prohibit federal elected officials, political appointees and executive branch employees from trading on prediction contracts tied to government policy, official actions or political outcomes when they hold material nonpublic information.
Mansour said Kalshi already has strict rules to prevent users with access to confidential information from trading on relevant markets and that the bill would codify protections similar to those used by major U.S. exchanges.
He stressed a distinction between federally regulated U.S. platforms and unregulated, offshore markets where recent allegations of insider activity have emerged.
The move follows scrutiny of prediction markets after reports surfaced about a large and profitable bet placed on Polymarket tied to Venezuelan President Nicolás Maduro’s ouster, raising concerns among lawmakers about trading based on privileged information.
Kalshi’s chief said that confusing regulated markets with offshore or unregulated platforms misrepresents how compliance works and could undermine trust.
Both Kalshi and competitors like Polymarket set record monthly trading volumes in December, with Kalshi reporting roughly $6.26 billion and Polymarket about $2.28 billion.
Prediction markets continue to attract participation from major betting and finance firms, raising stakes for clearer rules around fairness and access as the sector grows.
Summary: Kalshi CEO supports a bill to ban insider trading on prediction markets, saying the platform already enforces such rules and stressing the need to distinguish US regulated markets from offshore operators.
