Is the market trend changing? Government officials' trading will be banned

Question

【BlockBeats】The CEO of the prediction market platform Kalshi, Tarek Mansour, recently claimed support for a new legislative proposal on social media. The “2026 Financial Prediction Market Public Integrity Act,” led by New York Democratic Congressman Ritchie Torres, has a straightforward core — it prohibits federal elected officials, political appointees, and administrative staff from trading on prediction markets when they possess non-public trading information.

In other words, if you are a government official, you cannot use your position to engage in insider trading. Mansour also pointed out a key detail in his comments: the recent insider trading incidents that have been exposed mainly involve unregulated offshore platforms. Implicitly, regulated and compliant platforms like Kalshi are seen as the “good kids.”

Although this legislative proposal appears to target restrictions on government officials, it reflects the broader prediction market industry’s desire for regulation. As prediction markets gain more attention, improving the regulatory framework has become an inevitable trend. For industry participants, this presents both challenges and opportunities — compliant platforms are expected to gain more trust and room for growth.

BloodInStreets · Accepted Answer

Ha, another big show of "Our Most Compliant." Officials ban insider trading, offshore platforms take the fall, and Kalshi gets laundered? Laughing to death, a classic move to whitewash before cutting the leeks.

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Banning officials from trading? Do they really think we’re blind? Where the money flows, they know it well. It’s been going to those silent places for a long time.

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So in the end, it’s still those who play within the rules who win. Compliant platforms: I am the most lawful. Offshore: I take the blame. Retail investors: I get screwed big time.

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The happiest about this bill are those like Kalshi, which suddenly become "good kids." How clever.

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Insider trading is concentrated offshore? Wake up, buddy, that’s just the tip of the iceberg. What about below the surface?

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Here comes another one, using a bill to boost their image. Politicians ban trading, but there are still many ways for capital to play.

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This move is truly clever—pushing the risk offshore, and they become the white lotus. The prediction market is thus "purified."

APY_Chaser · Answer

Ha, government officials are finally going to be regulated. This legislative stance is quite good.

Kalshi's move is very clever; standardization will greatly enhance competitiveness.

Insider trading has always been a cancer; it should be banned.

No one can stop the officials' money, it all depends on how effectively it is enforced.

But if it really becomes strict, prediction markets will have the confidence to grow big.

Offshore platforms are inherently outside the law and should be regulated.

If this proposal passes, compliant platforms will benefit from the dividends, and their plans are very clever.

LuckyBlindCat · Answer

Haha, officials also need to follow the rules. Now it's all good.

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Offshore platforms are the real black holes. Kalshi's recent moves are quite clever.

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Prohibit officials from trading? It should have been done long ago. Insider trading is just too outrageous.

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Basically, Kalshi is trying to whitewash itself. Smart people can see right through it.

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Wait, can this bill really pass? It feels uncertain.

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Officials trading in prediction markets... I've never seen anyone honestly follow the rules.

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Compliance platforms should indeed support this, or how can they compete with those lawless ones?

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Interesting, the government is finally starting to pay attention to this area.

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Instead of banning, it's better to expose it directly. That's the only way to truly scare people.

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Kalshi's rhetoric sounds like they're saying "We are the most law-abiding," but is that really true?

LiquidityHunter · Answer

The compliance platform's talking points are back again. How many loopholes can the ban on officials trading close? Offshore platforms are the real focus; the liquidity gap there is truly terrifying.

GasFeeVictim · Answer

Haha, officials are also being banned, now the prediction market can finally be interesting.

The good days for government insiders are coming to an end; those offshore platforms were indeed fierce before.

Kalshi's move is clever, first aligning with compliance, then proceeding.

But can it really be implemented effectively? This bill feels like just a paper document.

With officials banned, how can ordinary retail investors play? Isn't this turning into a rich people's club?

So is Kalshi trying to eliminate competitors through legislation? Trying to expose them?

Prediction markets have always relied on information asymmetry to make money. Now restricting officials' trading makes it seem even more "clean."

Offshore platforms will definitely keep operating; bans won't have much impact on them.

Does this bill have to wait until 2026 to pass? It's already 2024, and it still hasn't gone through.

It feels off that compliant platforms have been whitewashed; upon closer thought, it's just a monopoly game.

AirdropAutomaton · Answer

Oh wow, Kalshi's move this time is interesting. They first take a compliant stance and shift all the blame to offshore platforms...

Officers banning insider trading? About time they regulated it. Constantly exploiting loopholes is pretty ruthless.

Is compliance enough to win effortlessly? I doubt it. Regulation is a double-edged sword; today's good kid could be tomorrow's target.

By the way, do the real big players care about this bill... I don't know.

Is the CEO of Kalshi doing PR or genuinely supporting it? Let's taste what it's like to be regulated.

If offshore platforms collapse, can compliant platforms monopolize? That's a bit too naive.

Wait, can this bill really pass? We still have to wait until 2026...

Feels like this is just playing the same game somewhere else, endless and never-ending.

SchrodingerPrivateKey · Answer

Haha, Kalshi's move is really clever, preemptively positioning itself as the "good kid."

Banning officials from insider trading sounds nice, but in reality, it's just about pushing black market businesses into the hands of legitimate players.

Those offshore platforms should be worried; once this law passes, they'll be cut off at the root.

But then again, will it really be enforced properly... I remain skeptical of politicians' promises.

This proposal seems mainly aimed at clearing out the old guard and paving the way for compliant platforms; the tactics are still the same old tricks.

Is the market trend changing? Government officials' trading will be banned

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