Kalshi to collect employment data from customers in some high-risk markets
Kalshi, the CFTC-regulated prediction market platform, will begin collecting employment information from customers who want to trade in certain high-risk markets. The policy was disclosed June 9 and applies to select markets the platform deems at heightened risk of manipulation or information asymmetry. Kalshi did not specify which market categories are covered, what employment data fields will be required, or when the requirement takes effect. The move represents a tightening of customer due diligence and internal surveillance as the exchange expands its product lineup into more complex or sensitive contract categories. Some sources described the policy as following insider-trading concerns or incidents where traders used non-public information through their jobs to profit on prediction market platforms. Kalshi is also implementing risk scores for certain markets as part of the change.
Kalshi must now prove its employment-verification system can flag and block insider trades in real time, or risk co-defendant exposure when DOJ-CFTC parallel actions land. The policy installs preventive infrastructure to meet the self-reporting standard set by its own referral of imprisoned ex-Rep. George Santos to regulators.
The employer-disclosure policy joins a string of insider-trading enforcement pivots by Kalshi this week, including the White House referral that forced real-time self-reporting as the regulatory floor for platform survival and the Santos case that established the same standard for public-official trades.