Kalshi chief executive backs proposed federal prediction-market trading ban
Kalshi chief executive Tarek Mansour backed proposed legislation that would bar federal officials and employees from trading on prediction markets when they have relevant non-public information. The Public Integrity in Financial Prediction Markets Act of 2026 is being drafted by Congressman Ritchie Torres. Mansour said Kalshi prohibits insider trading; the company is also involved in legal disputes with states over its sports contracts.
The proposal could restrict who may trade on prediction markets based on access to government information.