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