Posted on: April 16, 2026, 02:54h.
Last updated on: April 16, 2026, 03:36h.
- Kalshi is deploying a tool for consumers to make sure their identities are not being used by others to trade
- The tool is designed to help parents detect if their children are trading with their identities
Tarek Mansour, the co-founder and CEO of Kalshi, has confirmed the prediction market will soon open a “portal” where parents will be able to cross-check whether their personal identifying information is being used to access the trading platform by someone else.
Speaking at the Semafor World Economy conference this week in Washington, DC, Mansour explained that the portal will allow parents to see whether their children or anyone else is using their name, date of birth, phone number, mailing address, and Social Security or driver’s license number to register an account on Kalshi.
We are launching a portal for parents to basically submit their identification, even if they don’t want to be users of Kalshi, to see if someone is using it. Because then they can see if their children are using their ID and police it,” Mansour said.
Kalshi is also implementing a selfie requirement during the account registration process. Each uploaded image is reviewed by AI to validate the person registering.
Family Monitoring
Mansour said the family-focused initiatives aren’t ending with account monitoring. Kalshi will also soon deploy joint accounts, where multiple traders can maintain wallets.
“[We’re] launching this kind of notion of family accounts, where people can track each other’s activity,” Mansour explained. “How do we create a sort of accountability structure amongst friends and families for people to be like, ‘Hey, you might be doing a little too much here.’ We want this to be a tool for good, not a tool for excessive behaviors.”
Prediction markets are federally regulated by the Commodity Futures Trading Commission (CTFC). The minimum age for trading on these platforms is 18.
Unlike sportsbooks, which are required to implement an array of safeguards and identity verification protocols through state gaming regulations, the signup rules for prediction markets are laxer.
The CFTC does require that prediction markets know their customers, but David Miller, the director of enforcement at the CFTC, said last month that his unit is “not prioritizing technical violations, but rather those who willfully decide to break” KYC rules.
“Anti-money laundering and KYC laws are essential in combatting terrorism, narcotrafficking, fraud, and other serious illegal activity,” Miller said during a talk at NYU School of Law on March 31.
Self-Governing Operators
Kalshi and other CFTC-regulated prediction markets bear much of the regulatory responsibility in not only knowing their customers but also ensuring that the platforms are not used for insider trading.
Exchanges have obligations to have appropriate surveillance, compliance practices and procedures, promote fair and equitable trading, protect markets from abusive practices, and, importantly, to only list contracts that are not susceptible to manipulation,” Miller explained.
Government records show that the CFTC has fewer than 600 employees.
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