Introduction
The company says the changes take effect immediately and are aimed at strengthening protections against insider trading and manipulation on its federally regulated prediction market platform.
Main
In its June 9 announcement, Kalshi said the update includes three major changes: a new risk-scoring system for markets, employment verification for certain higher-risk markets, and expanded whistleblower tools for users who want to report suspicious activity.
The company says the goal is to better identify markets with a higher chance of insider trading or manipulation before they are listed or actively traded.
The risk-scoring framework weighs several factors, including corporate event risk, outcome concentration, market importance, regulatory risk, non-traditional insider risk, and national security risk.
Kalshi said markets with high insider or manipulation risk may be rejected from listing, while employment verification will be used to screen out presumptive insiders in sensitive markets.
Kalshi also said it is expanding reporting tools so users can submit whistleblower tips directly on every market, with those reports routed to its surveillance team.
The company said it also monitors the feed around the clock and has internal alerting controls to handle submissions.
The announcement follows earlier market-surveillance steps Kalshi unveiled in February, when it said it had formed an independent surveillance advisory committee, partnered with Solidus Labs and the Wharton Forensic Analytics Lab, and named Robert DeNault as head of enforcement.
Kalshi said that committee will publish quarterly reports, while the broader program is meant to strengthen compliance and detect abusive trading behavior.
Kalshi also pointed to prior customer-protection measures announced in May, including steps to reduce unauthorized access by minors and encourage responsible trading.
Those measures included Face ID by default for supported devices and selfie requests for higher-risk users.
Conclusion
Kalshi’s latest update shows the company doubling down on surveillance, verification, and reporting controls as prediction markets face growing scrutiny.
With new risk scoring, stronger insider screening, and enhanced whistleblower tools, the exchange is signaling that market integrity is becoming a central part of its strategy.
