People looking to place certain bets on prediction market operator Kalshi will soon have to reveal where they work in an attempt to stop insider trading, the firm has said.
The platform – which lets users bet against each other on elections, sporting events, and culture – said Tuesday it will start to collect work information from users attempting to place bets that could benefit from insider information.
Kalshi said the rule will apply to “markets with heightened insider or manipulation risk.” It used as an example a possible trade on whether OpenAI or Anthropic will go public first.
Prediction markets face growing concerns around insider trading as they continue to surge in popularity.
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