There’s been a lot of noise and confusion around prediction markets lately.
We can’t let a few bad actors taint the entire space.
There's a lot of misinformation right now, so we took out a four-page Washington Post spread to set the record straight.
Here's the reality: the headlines about insider trading, war, and death markets are overwhelmingly about Polymarket, whose business is primarily (90% of all volume) offshore and based in Panama.
Regulated exchanges - like Kalshi, Robinhood, and CME - operate under U.S. law with strict safeguards, which include:
1. Requirements to ban insider trading and manipulation
2. Bans on war markets
3. Bans on death markets
4. Requirements to verify customers and know who's trading to avoid bad actors
If you want insider trading and war markets to stop, target the source - not the regulated U.S. exchanges.
Not all prediction markets are the same.
Some are regulated in the United States. Some aren’t.
Kalshi is.
Rule #1: We ban insider trading. And we enforce it.