NEW YORK — Kalshi implemented new market integrity measures, including requiring users to disclose their employer before placing certain trades. These measures were based on recommendations from an independent surveillance audit committee launched by Kalshi.

The employer-disclosure requirement applies to markets deemed to have a higher risk for insider trading or market manipulation. This includes markets tied to corporate performance, national security, and major geopolitical events. Users subject to this requirement must submit employment information through an online form, although Kalshi will not verify this information unless an investigation is warranted.

Kalshi may block a user from trading a particular contract based on their employment. The platform screens traders for employment conflicts before a trade is executed. A Kalshi spokesperson said, "This lets us identify presumptive insiders – people who have material, non-public information about a market's outcome – and screen them out before a trade is ever placed."

Kalshi also implemented a risk scoring framework to identify markets with elevated insider trading risk. This framework assesses potential national security concerns a market might present. Robert DeNault, Kalshi's head of enforcement, stated, "By running an assessment on the national security risk a market might present before we list it, we can better prevent dangerous events from having a negative effect on our markets — or vice versa."

The platform expanded whistleblower tools for users to report suspicious activity directly to its surveillance team. Kalshi confirmed it opened more than 150 investigations during the current year. During the first quarter of the year, Kalshi blocked over 100 potential insider trades using new screening tools. The company referred more than 20 cases to law enforcement and took five disciplinary actions during the first quarter.