Kalshi CEO endorses bill banning insider trading on prediction markets
Kalshi CEO Tarek Mansour supports a bill banning insider trading on prediction markets, noting his platform already enforces such rules.Summary
Tarek Mansour, CEO of Kalshi, publicly endorsed the "Public Integrity in Financial Prediction Markets Act of 2026," introduced by U.S. Rep. Ritchie Torres, which aims to ban federal elected officials and appointees from betting on outcomes related to government policy or politics on prediction markets. Mansour stated that Kalshi already implements a ban on insider trading, adhering to regulations similar to those of the NYSE and Nasdaq. He sought to differentiate Kalshi, a regulated American platform, from unregulated, offshore prediction markets where recent insider trading concerns have arisen, such as an alleged profit made on a bet concerning Venezuelan President Nicolás Maduro. Despite the regulatory differences, both Kalshi and Polymarket recently hit record monthly trading volumes.
(Source：The Block)