Kalshi CEO Tarek Mansour has expressed support for a legislative proposal by Democratic Representative Ritchie Torres of New York, aimed at banning insider trading by government officials on prediction markets. Mansour highlighted on LinkedIn that the recent insider trading issues are primarily linked to unregulated offshore platforms.
The proposed legislation, titled the "2026 Public Integrity Act for Financial Forecast Markets," seeks to prevent federal elected officials, politically appointed officials, and executive branch employees from engaging in prediction market trades using non-public information. The bill is expected to be introduced this week and targets those who might access such information through their official roles.
Kalshi CEO Backs Bill to Ban Insider Trading on Prediction Markets
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