Exclusive: Kalshi announces steps to keep kids off prediction market
Summary
Kalshi, a prediction market platform, is adding new tools to stop minors from trading on its site, like facial recognition and two-factor authentication. The company is also deciding to keep the minimum age for trading at 18, despite calls from some groups to raise it to 21.Key Facts
- Kalshi already bans users under 18 but is now adding extra safety steps, such as facial recognition for new accounts.
- Some users might have to send selfies to confirm their identity if the system thinks they might trade too much.
- Two-factor authentication and alerts for unauthorized logins are also being introduced.
- Many young boys are involved in gambling, with 36% of boys aged 11-17 saying they gambled in the past year.
- Lawmakers have proposed the Prediction Market Act of 2026 to require age checks and self-exclusion options.
- The NBA and PGA Tour want the minimum trading age on prediction markets raised to 21, like for sports betting and casinos.
- Kalshi’s CEO says prediction trading is different from gambling because users trade against each other, not the house.
- Kalshi will suggest deposit limits for users showing signs of risky trading and introduce an “Inner Circle” feature to share activity with trusted people.
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