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Kalshi adds verification for prediction market bets
The Verge·
Kalshi has implemented required employment verification for certain prediction market bets, responding to increasing regulatory scrutiny. The Commodity Futures Trading Commission (CFTC) is considering its first regulations for prediction markets amid concerns over potential insider trading. The CFTC's proposed rules aim to establish a framework for evaluating contracts that might involve illegal activities or be contrary to public interest. This move by Kalshi signals a proactive approach to compliance within the evolving prediction market landscape.
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regulation
fintech
Original Source
The Verge — theverge.com