Prediction platform Kalshi to collect job details to combat insider trading
Prediction platform says it will seek employment information for markets at 'heightened' risk of manipulation.
Prediction platform says it will seek employment information for markets at 'heightened' risk of manipulation.
The prediction market has added several new guardrails to weed out insider trading and bad actors.
After issues with insider trading, the prediction betting platform is adding new rules.
The platform will require traders to disclose their employer's identity when trading on sensitive markets, a Wall Street Journal article first reported.
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The rules may pose a minor hurdle for people who just have to cheat.
Kalshi will soon require users to disclose their employer to place certain trades that involve sensitive information.
A spokesperson for the company said that the product is the fastest growing in the prediction market platform's history.
A BBB advertising watchdog escalated its review of Kalshi after the prediction market platform declined to participate in an inquiry into influencer disclosure practices.
Social media posts questioning the integrity of LA’s mayoral election were labeled “paid partnerships. ” Then Kalshi and Polymarket told creators to delete them.