Spain’s Dirección General de Ordenación del Juego (DGOJ) has announced that it has blocked prediction market operators Polymarket and Kalshi, arguing that both offered their...
Kalshi CEO supports prediction market insider trading bill
On January 7, 2026, Kalshi CEO Tarek Mansour confirmed that the company supports proposed legislation to ban government officials from insider trading on prediction markets.
After the Maduro trade on Polymarket triggered an insider trading bill to be introduced by New York Congressman Ritchie Torres, Mansour stated that insider trading is and always has been banned on Kalshi.
Mansour added that for Kalshi, trading based on material non-public information is a financial crime, regardless of who the trader is. To show the platform’s compliance with regulations, Mansour also mentioned that Kalshi’s framework is based on the New York Stock Exchange and Nasdaq standards.
He wrote:
“Kalshi is supportive of the bill Ritchie Torres is looking to introduce to affirm the ban on insider trading on prediction markets. Why? Because we already implemented it. However, it’s important to emphasize that this American bill only applies to regulated American companies and not to unregulated, non-American companies, which is where the alleged issues are occurring.”
After the prediction markets sector faced harsh criticism, Mansour urged that regulated American markets shouldn’t be merged with unregulated offshore operators. He additionally said that holding American platforms responsible for offshore activity risks undermining the legitimacy of domestic companies.
The Attorney General of Rhode Island, Peter Neronha, filed a lawsuit on May 21 against Kalshi and Polymarket, accusing the platforms of offering illegal sports betting under...
