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Kalshi adds identity checks and account safeguards amid US debate over minors

Regulation

Kalshi announced additional measures intended to prevent minors from accessing and trading on its prediction-market platform, reportedly. Measures include facial recognition at login, extra checks for some users and stronger two-factor authentication; the company continues to argue that the minimum trading age should remain 18.

The safeguards affect user verification and account controls as US policymakers debate age requirements for prediction markets.

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Regulation

Illinois court bars state gambling rules for Kalshi

A federal district court in Illinois has barred the state from applying its gambling regulations to Kalshi. The court held that the CFTC, rather than state regulators, oversees prediction markets, though the nationwide dispute over sports event contracts remains unresolved. Kalshi chief executive Tarek Mansour has warned operators could move offshore if states prevail.

A federal district court in Illinois has barred the state from applying its gambling regulations to Kalshi. Judge Martha Pacold ruled that the Commodity Futures Trading Commission (CFTC), rather than state regulators, oversees prediction markets, the report said. The decision does not settle the nationwide dispute over sports event contracts.

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