The Kalshi platform has introduced mandatory employer verification for traders in markets with a heightened risk of insider trading and manipulation.
The company will now assign a risk rating to new markets, taking into account corporate events, metrics, potential impacts on trading outcomes, market significance, regulatory constraints, unconventional insider information, and national security aspects.
If a market receives a high-risk rating, the platform will request the user's employer information. Kalshi will then verify whether the trader has access to significant non-public information and may restrict their participation if necessary.
Additionally, tools for reporting suspicious activity have been added to the market pages. These changes are effective immediately.
Kalshi also disclosed enforcement statistics for the first quarter. According to the platform, over 150 investigations were conducted, more than 100 potential insider trades were prevented, over 20 reports were made to law enforcement, and five disciplinary actions were taken.
It is worth noting that in May, Polymarket's Vice President of Software Development, Josh Stevens, denied rumors of mandatory verification for all users.