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Kalshi CEO: The Venezuela insider event mainly involves unregulated offshore prediction platforms. Kalshi strictly prohibits insider trading.
On January 8, Kalshi CEO Tarek Mansour stated on LinkedIn that Kalshi supports legislation proposed by New York State Democratic Congressman Ritchie Torres aimed at banning government officials from engaging in insider trading on platforms like Kalshi. Tarek Mansour also mentioned in the article that recent insider trading allegations mainly involve unregulated offshore platforms. Previously, it was reported that New York State Democratic Congressman Ritchie Torres planned to introduce a bill this week called the “2026 Financial Prediction Market Public Integrity Act.” The bill would prohibit federal elected officials, political appointees, and administrative employees from trading on prediction markets when they possess non-public information related to trading or may obtain such information through their official duties.