Kalshi CEO: Supports Banning Officials From Trading Prediction Markets They Can Influence
TechFlow reports that on November 6, according to BeInCrypto, Tarek Mansour, CEO of prediction market platform Kalshi, told CNBC that he supports implementing strict rules to prohibit members of Congress, government officials, and others from trading prediction markets they can influence.Mansour stated that Kalshi has been managing insider trading since its founding in 2018. His comments come as U.S. lawmakers debate restrictions on prediction markets: Democratic lawmakers Jeff Merkley and Jamie Raskin previously introduced a bill aimed at banning event contracts tied to elections, sports, military operations, and most government actions.
TechFlow reports that on November 6, according to BeInCrypto, Tarek Mansour, CEO of prediction market platform Kalshi, told CNBC that he supports implementing strict rules to prohibit members of Congress, government officials, and others from trading prediction markets they can influence.
Mansour stated that Kalshi has been managing insider trading since its founding in 2018. His comments come as U.S. lawmakers debate restrictions on prediction markets: Democratic lawmakers Jeff Merkley and Jamie Raskin previously introduced a bill aimed at banning event contracts tied to elections, sports, military operations, and most government actions.
