Kalshi to require employer disclosure on select trades after White House warnings
Kalshi said Tuesday, June 9, that it will require users to disclose their employer before trading certain sensitive contracts, a policy designed to combat insider trading on the CFTC-regulated prediction market platform. The move follows White House warnings and congressional scrutiny about market integrity and potential abuse by government officials or employees with privileged access. Kalshi is also launching a whistleblower portal as part of the tightened anti-insider-trading measures. Details on which specific markets will trigger the disclosure requirement are not yet public. The policy stems from recommendations by Kalshi's Market Integrity Committee, whose members include Taylor, Nelson, and Pinheiro.
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.