TechFlow news, on January 8, according to The Block, Tarek Mansour, CEO of the prediction market platform Kalshi, expressed support on LinkedIn for the recent bill proposed by U.S. Representative Ritchie Torres to ban insider trading in prediction markets. Torres introduced the "Public Integrity Financial Prediction Markets Act of 2026" earlier this month, which would prohibit federally elected officials, political appointees, and executive branch employees from betting in prediction markets involving "government policies, government actions, or political outcomes."
Previously, an account on the decentralized prediction market platform Polymarket bet that Venezuelan President Nicolás Maduro would be ousted by the end of January and profited $400,000 after his arrest, raising concerns about insider trading.
Mansour emphasized that as a federally regulated platform, Kalshi has already adopted insider trading rules from the New York Stock Exchange and Nasdaq, prohibiting users with non-public market information from trading.
