Kalshi will ask your job before you trade

Kalshi requires – Kalshi says it will start requiring traders to complete employment verification—asking for employer name, industry, and job function—before they can trade on its prediction market. The New York-based platform is also rolling out “risk scoring” for new markets

For Kalshi, the next step isn’t about which markets you can bet on. It’s about who you are—at least enough to check where you work.

On Tuesday. Kalshi’s enforcement and legal counsel. Bobby DeNault. published a blog post on the company’s website describing how the New York-based prediction market is tightening its rules around insider trading. Before users can start trading, DeNault said Kalshi will require traders to complete employment verification. The stated aim is to “screen potential insiders.”.

In his post, DeNault described how the process is designed to identify presumptive insiders—people who have material, non-public information about a market’s outcome—and block them before a trade is ever placed.

A screenshot of Kalshi’s embedded employment verification tool shows what the platform will ask for: a user’s current employer’s name, industry, and job function.

Kalshi did not respond to a Business Insider query about how long the verification typically takes, or whether the verification will apply to traders who are already on the platform.

DeNault’s post also laid out two additional steps Kalshi is taking to weed out bad actors. The first is “risk scoring,” where Kalshi assigns a score to each new market added to its platform. DeNault described the range as spanning “niche social or hobbyist markets” all the way to “critical-scale markets with national or geopolitical reach.” The score is intended to help determine whether a market is particularly susceptible to manipulation.

The second is “whistleblower enhancements.” This feature is meant to let users report suspicious behavior, with DeNault calling Kalshi users the “natural first line of defense against abusive behavior.”

These moves sit on top of guardrails Kalshi already has in place, including preemptively blocking elected politicians, political candidates, and people in college and professional sports from trading.

Kalshi’s tightening comes as prediction markets such as Kalshi and Polymarket face intense scrutiny from lawmakers. Many have proposed bills to ban the markets or clamp down on them more stringently.

In May, Minnesota became the first state to propose a blanket ban on the markets, after which Gov. Tim Walz signed off on it. The US Commodity Futures Trading Commission, which regulates Kalshi and Polymarket, filed a lawsuit against Minnesota and Walz. The commission argued that Walz cannot criminalize the markets under state law.

Within that larger fight—over what these platforms are and how far regulators and states can go—Kalshi’s new approach is aimed at enforcement inside the platform itself: verifying employment details before trading begins. scoring how vulnerable each market might be. and expanding user reporting to flag suspicious activity. The practical message is simple: access to trading won’t be only about interest in a bet; it will also depend on whether the platform can identify—before the first trade—who might already know too much.

Kalshi prediction markets insider trading employment verification Bobby DeNault whistleblower enhancements risk scoring Minnesota ban Tim Walz Commodity Futures Trading Commission Polymarket