Kalshi blocks minors from prediction markets, following suit with senators
Prediction market platform Kalshi is implementing new safeguards to prevent minors from trading, including age verification and enhanced account security measures. The move follows bipartisan legislative pressure, including the proposed Prediction Market Act of 2026, which aims to strengthen consumer protections and market integrity. Kalshi is also introducing transparency and risk-mitigation tools such as deposit limits and a social feature for sharing trading activity with trusted contacts.
- ▪Kalshi is barring minors from trading but allowing them to view market data and news analysis.
- ▪The company is requiring Face ID, selfie verification, and two-factor authentication to strengthen account security.
- ▪Kalshi is introducing deposit limit recommendations and tools to detect unauthorized account access.
- ▪Sens. Kirsten Gillibrand and Dave McCormick introduced the Prediction Market Act of 2026 to impose stricter rules on prediction markets.
- ▪The Senate banned its members and staff from trading on prediction markets amid concerns over insider trading and ethics.
Opening excerpt (first ~120 words) tap to expand
Prediction market platform Kalshi is rolling out new safeguards to prevent minors from trading as political and regulatory pressure on the fast-growing industry intensifies. Prediction markets such as Kalshi and rival platform Polymarket allow users to wager on outcomes ranging from elections to sports and weather, drawing criticism from lawmakers who argue the products closely resemble gambling. Recommended Stories Spirit Airlines wasn’t ‘destined to prosper’: Byron York Joe Concha blasts billionaire-backed May Day protests: ‘You could snort the irony’ Spirit in the sky: Spirit Airlines shuts down operations with all flights canceled Under the new measures, minors will be barred from trading entirely, though the company said underage users will still be able to observe market data and…
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