According to The Block, Tarek Mansour, CEO of prediction market platform Kalshi, expressed support on LinkedIn for a recent bill proposed by U.S. Representative Ritchie Torres to ban insider trading in prediction markets. Torres introduced the "2026 Public Integrity Financial Prediction Market Act" at the beginning of this month, which would prohibit federal elected officials, politically appointed individuals, and executive branch employees from placing bets on prediction markets related to "government policy, government actions, or political outcomes." Previously, a user on the decentralized prediction market platform Polymarket placed a bet that Venezuelan President Nicolás Maduro would be removed from office by the end of January and earned $400,000 after his arrest, raising concerns about insider trading. Mansour emphasized that as a platform under federal regulation, Kalshi has adopted insider trading rules from the New York Stock Exchange and NASDAQ, prohibiting users who possess non-public market information from trading.
Kalshi CEO Supports Bill to Ban Insider Trading in Prediction Markets
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Summary
Kalshi CEO Tarek Mansour supports a new bill aimed at banning insider trading in prediction markets. The 2026 Public Integrity Financial Prediction Market Act would prohibit federal officials from betting on political outcomes. A recent trade on Polymarket earned $400,000 based on a price prediction regarding Venezuela's Maduro. Mansour stated that Kalshi uses NYSE and NASDAQ rules to prevent insider trading. If passed, the bill could affect Bitcoin price prediction markets.
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