Kalshi CEO Champions US Bill to Ban Insider Trading on Prediction Markets

Kalshi CEO Tarek Mansour supports a US bill banning insider trading on prediction markets by government officials, emphasizing Kalshi’s compliance with strict regulations and distinguishing it from unregulated offshore platforms.

Kalshi CEO Tarek Mansour has voiced strong support for a new US bill introduced by Rep. Ritchie Torres, which seeks to ban insider trading on prediction market platforms, particularly by government officials with access to confidential information. Mansour emphasized that Kalshi already enforces insider trading rules modeled after major US exchanges and is federally regulated, distinguishing itself from unregulated offshore platforms. The proposed legislation, titled the Public Integrity in Financial Prediction Markets Act of 2026, would prohibit federal elected officials, political appointees, and executive branch employees from betting on prediction markets involving government policy, action, or political outcomes. This legislative push follows incidents where users allegedly profited from non-public information on platforms like Polymarket. Mansour highlighted that the bill would only apply to regulated US-based platforms and not to offshore or unregulated entities, reinforcing Kalshi’s commitment to compliance and market integrity. The debate underscores a growing divide in the prediction market industry over the role of regulation and the use of inside information.