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Kalshi CEO backs proposed US prediction-market insider-trading ban

Regulation

Kalshi chief executive Tarek Mansour backed a bill proposed by US Representative Ritchie Torres that would prohibit federal officials from trading on prediction markets tied to government or political outcomes when they possess, or could reasonably obtain, material non-public information. Kalshi said its rules already prohibit insider trading on its regulated platform; the proposal would apply to federal officials.

The proposal could impose additional trading restrictions on federal officials using prediction markets.

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Regulation

US officials scrutinise prediction markets over insider-trading concerns

US lawmakers from both parties questioned the head of a federal regulator about prediction markets at a hearing, as state and federal scrutiny grew. Polymarket halted a market on the timing of a US airman’s rescue after Rep. Seth Moulton objected, saying it did not meet the platform’s integrity standards. The White House also warned staff against trading on such markets with private information.

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