Kalshi to require employer disclosure for some sensitive trades

Kalshi will require users to disclose their employer before trading certain political and corporate contracts on its CFTC-regulated exchange. The platform plans to roll out an online form in the coming weeks for markets it identifies as having elevated risk of material non-public information, including some political outcomes, corporate events and policy decisions.

The change follows an internal White House email on March 24, 2026, that warned staff against using non-public government information on prediction platforms and a May 2026 inquiry from House Oversight Committee Chair James Comer requesting details on user verification and suspicious-activity monitoring from Kalshi and other platforms.

Kalshi said the employer-disclosure rule will add to existing controls. The exchange already uses detailed onboarding for high-risk individuals, runs real-time surveillance with outside partners, can freeze accounts under investigation and refers cases to the Commodity Futures Trading Commission or the Department of Justice when warranted. Kalshi’s CFTC-approved rulebook bars trading on material non-public information, trading by source-agency affiliates and trading by people who can influence an outcome.

Between early 2025 and February 2026, Kalshi opened more than 200 investigations into potential rule violations and issued public sanctions, including fines and multi-year suspensions. Publicly disclosed cases included a suspension and penalties for an editor of a prominent creator who traded on upcoming content and disciplinary actions against several congressional candidates who wagered on their own races.

Prediction-market volumes have risen sharply, with combined activity on Kalshi and another large platform reaching record levels in recent months. Regulators and lawmakers have cited rising volumes when flagging concerns about trading on inside information and have focused scrutiny on how platforms verify users and detect suspicious trades.

Kalshi said it will publish the specific markets that trigger the employer-disclosure requirement and explain enforcement in its rulebook and an online integrity hub. Account holders will submit employer information through the designated form before executing trades in flagged contracts. The exchange also said it will continue to refer serious cases to federal authorities when investigations indicate possible criminal behavior.

Market participants, campaign staff and corporate employees who use prediction markets will need to follow Kalshi’s updated rules and disclosure process as the company implements the change and responds to ongoing regulatory inquiries.