Prediction platform Kalshi to collect job details to combat insider trading | Technology News
Kalshi Implements Measures to Address Insider Trading Concerns
Prediction market company Kalshi to collect employment information for markets at heightened risk of manipulation.
By [Author Name]
Published June 10, 2026
Kalshi, a prominent prediction market platform, has announced new measures aimed at preventing insider trading following recent allegations of market manipulation. As part of these efforts, the company will require some users to disclose their employment details, particularly in markets identified as being at heightened risk of manipulation.
Founded in 2021, Kalshi enables users to place bets on a variety of future events, including sports outcomes, elections, and geopolitical developments. On Tuesday, the firm revealed that it had begun collecting employment information to identify users with potentially non-public knowledge that could influence their betting behavior.
In addition to the employment requirement, Kalshi’s new “market integrity measures” include a scoring system designed to evaluate the risk levels of various markets and a dedicated 24/7 hotline for whistleblower reports.
These actions were taken in response to the findings of Kalshi’s Independent Surveillance Audit Committee, which was established in February. “By implementing these new integrity measures, we continue to lead the industry on the issue of market integrity among federally regulated prediction markets,” said Robert DeNault, Kalshi’s head of enforcement, in a statement.
This announcement follows several high-profile allegations of insider trading incidents involving both Kalshi and its cryptocurrency-based competitor, Polymarket. In April, the U.S. Department of Justice charged a U.S. special forces soldier with betting on the capture of former Venezuelan President Nicolás Maduro on Polymarket before the operation occurred. Additionally, in May, prosecutors charged a Google software engineer for utilizing insider information to place bets on search engine results on the same platform.
Earlier this year, Kalshi penalized three U.S. political candidates with fines and account suspensions for wagering on the outcomes of their own campaigns. The company also referred former Republican Congressman George Santos to U.S. authorities after he placed wagers regarding his attendance at a State of the Union Address.
Since their inception, Kalshi and Polymarket have rapidly developed into multibillion-dollar enterprises within the prediction market sector. An analysis by the Pew Research Center revealed that the combined monthly trading volume for both platforms reached $24 billion in April, a significant increase from less than $5 billion in September 2025.
In addition to the new integrity measures, Kalshi disclosed details regarding its enforcement activities during the first quarter of the year, indicating that it had launched over 150 investigations, blocked more than 100 suspected instances of insider trading, and made more than 20 referrals to law enforcement agencies.
