Kalshi Proposes Blanket Ban on Athlete and Politician Participation in Relevant Market Trades

BlockBeats News, March 24th, according to Axios, the U.S. prediction market platform Kalshi announced that it will upgrade its user onboarding process to proactively block athletes, coaches, officials, and other sports-related individuals from participating in trading related to their respective sports, while also prohibiting political candidates from trading on markets related to their own campaigns. This move is aimed at addressing increasing scrutiny on insider trading regulations.

Polymarket has also introduced new rules, strictly prohibiting the use of non-public information.