The CEO of prediction market Kalshi, Tarek Mansour, has taken to social media to share help for a invoice which might ban authorities officers from utilizing prediction markets.
The invoice is in reference to 1 which may quickly be launched by Ritchie Torres who’s a United States Consultant, based mostly in New York. The Invoice will likely be referred to as the ‘Public Integrity in Monetary Prediction Markets Act of 2026.’ It comes amid rising issues about insider buying and selling in wartime, sparked after a Polymarket bet on Venezuela’s president, Nicolás Maduro, reportedly paid out round $400,000.
Notable: Kalshi CEO Tarek Mansour says on Linkedin the prediction market firm is “supportive” of laws from Rep. Ritchie Torres (D-NY) to ban authorities officers from insider buying and selling on platforms like theirs pic.twitter.com/k8T9lykf1a
— Brendan Pedersen (@BrendanPedersen) January 7, 2026
Whereas it hasn’t but been introduced in, or handed the same old levels because it’s on the very starting of the method, Mansour has made Kalshi’s emotions on the matter recognized. The LinkedIn post opens with: “Insider buying and selling is banned on Kalshi (and all the time has been.)
“This must be apparent, however some current reporting has been conflating regulated prediction markets with unregulated, offshore prediction markets. What non-American, unregulated platforms do has no relationship to what regulated, American platforms do.”
He goes on to talk about alleged instances of insider buying and selling within the trade and says these are about “unregulated, offshore platforms.” He additionally explains how a regulatory first method was firmly believed in from day one at Kalshi “as a result of it’s the proper factor to do.” He says because of this they didn’t launch for years, suggesting they have been ready for US regulatory approval.
What’s the invoice which may ban authorities officers from utilizing prediction markets?
The submit continues: “Kalshi is supportive of the invoice Ritchie Torres is seeking to introduce to affirm the ban on insider buying and selling on prediction markets. Why? As a result of we already implement it. Nonetheless, it’s vital to emphasise that this American invoice solely applies to regulated, American corporations and to not unregulated, non-American corporations, which is the place the alleged points are occurring.”
Consultant Ritchie Torres has spoken out in an Instagram video about his invoice: “…I simply felt compelled to introduce laws that might prohibit insider buying and selling in prediction markets amongst federal authorities officers as a result of there’s a danger of not solely corrupting the market, however corrupting the federal government itself.”
Featured Picture: By way of Rep. Ritchie Torres Instagram
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