Kalshi CEO: Supports Ban on Officials Trading in Prediction Markets They Can Influence

According to TechFlow news on November 6, citing a BeInCrypto report, Kalshi CEO Tarek Mansour told CNBC that he supports strict rules prohibiting members of Congress, government officials and others from trading in prediction markets they can influence.

Mansour said Kalshi has been managing insider trading since its founding in 2018. His comments came as U.S. lawmakers discuss restrictions on prediction markets: Democratic lawmakers Jeff Merkley and Jamie Raskin previously introduced legislation to ban event contracts involving elections, sports, military actions and most government actions.

Source: TechFlow