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Kalshi CEO Backs Torres Bill to Ban Insider Trading in Prediction Markets

Kalshi CEO Backs Torres Bill to Ban Insider Trading in Prediction Markets

Author:

Global Cryptocurrency

Published:

2026-01-08 13:17:01

15

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BTCCSquare news:

Kalshi CEO Tarek Mansour publicly endorsed Representative Ritchie Torres' proposed bill to reinforce insider trading bans in prediction markets. The announcement came via a LinkedIn post on January 7, where Mansour stated the platform already complies with such regulations.

Torres' bill targets federal officials and employees, barring them from betting on government policy or political outcomes. The legislation follows controversy around a Polymarket bet predicting Venezuelan President Nicolás Maduro's ousting—a wager placed before his arrest on drug trafficking charges.

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