Kalshi CEO Pitches Insider Trading Rules as Democrats Weigh Their Own

Kalshi CEO Tarek Mansour told CNBC he backs insider trading bans for Congress members and administration officials. Democrats won both chambers of Congress this week, and some in the party want election contracts banned outright. The Senate already barred its own members and staff in April. Meanwhile, Kalshi alone carried about $1.3 billion in midterm wagers by Monday, per a Washington Post analysis. Will Kalshi’s Insider Trading Pledge Head Off Tougher Rules? Kalshi, regulated by the Commodity Futures Trading Commission (CFTC), lets users trade contracts that pay $1 if an event occurs. CNBC disclosed during the interview that it has a commercial relationship with Kalshi, including customer acquisition and a minority investment. Mansour said Kalshi has policed insider trading since its 2018 founding.

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