BUSINESSTHE VERGE
Kalshi adds required employment verification for some prediction market bets
Kalshi has added required employment verification for some prediction market bets. The CFTC is considering its first regulation for prediction markets, focusing on contracts involving activities like terrorism, war, or unlawful conduct. Recent arrests over 'insider trading' on topics ranging from military operations to Google Search data have increased regulatory scrutiny.
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Adjacent reporting
- Kalshi wants to know where you work
- From Iran to Paris weather: Alleged prediction market violations start stacking up
- Polymarket weighs KYC requirements amid global crackdown on prediction markets
- Kalshi Rolls Out New Safeguards After Insider Trading Concerns Hit Prediction Markets
- Kalshi planning to require some participants to identify employers
- Kalshi to make some users reveal job details to tackle insider trading