Kalshi CEO says prediction markets can catch insider trading
Photo: crypto.news
Kalshi CEO Tarek Mansour has defended prediction markets against growing insider trading concerns, arguing at DC Fintech Week on October 14 that publicly visible trades make suspicious activity easier to detect and report. Kalshi CEO Tarek Mansour defended prediction market transparency during Washington's DC Fintech Week on Wednesday. Former congressman George Santos received a $35,000 CFTC order over manipulative State of the Union trading. Former White House employee Gabriel Perez faced $172,539 in disgorgement and penalties for insider trading. Federal regulators and state authorities remain divided over who can legally oversee sports prediction markets.
Source: crypto.news
