Kalshi CEO Tarek Mansour said he supports new legislation aimed at banning insider trading on prediction markets, endorsing a bill introduced by Representative Ritchie Torres. In a public statement, Mansour said Kalshi already enforces restrictions that prevent users with access to non-public information from trading on sensitive markets.
The proposed Public Integrity in Financial Prediction Markets Act of 2026 would prohibit federal officials and government employees from placing bets tied to political outcomes or government actions. The bill follows heightened scrutiny of prediction markets after reports that a large wager on a foreign political event generated significant profits, raising concerns about potential misuse of insider information.
Mansour emphasized a distinction between US-regulated platforms and offshore operators, arguing that regulated markets already apply standards similar to those used by major stock exchanges. The debate highlights growing regulatory attention as prediction markets expand in volume and attract participation from both financial and crypto-native firms.
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