Prediction platform Kalshi to collect job details to combat insider trading

Image for article Prediction platform Kalshi to collect job details to combat insider trading
News Source : Al Jazeera English

News Summary

  • Kalshi says it has started collecting job information for markets deemed to be at heightened risk of manipulation.
  • The New York-based firm said it implemented the measures in response to the findings of its Independent Surveillance Audit Committee, launched in February.
  • The announcement comes after a string of high-profile cases of alleged insider trading on Kalshi and its cryptocurrency-based rival Polymarket.
  • The combined monthly volume of trading on the platforms reached $24bn in April, up from less than $5bn last September.

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