Kalshi to require users disclose employer before trading
Kalshi has announced new compliance measures requiring users to disclose their employer before placing bets. The CFTC-registered exchange is addressing insider-trading risks as prediction markets expand into corporate and economic event contracts. The platform has already pursued enforcement cases against individuals who traded while in possession of material non-public information. Skadden published guidance on managing these risks for corporate compliance officers as prediction markets grow in prominence. The employer disclosure rule follows Kalshi's earlier mandate for high-risk prediction market trades.
Kalshi must now prove its employment-verification systems can intercept informed traders before they profit. Any surveillance gap leaves the CFTC-registered exchange exposed as a co-defendant when DOJ and CFTC file parallel insider-trading actions.