Kalshi to crack down on underage use with new verification tools

Prediction market Kalshi has announced it will introduce a portal for parents and an artificial intelligence (AI) verification system to crack down on the illegal use of its services by minors, Cointelegraph reported. The portal will allow parents, even if they are not Kalshi users, to submit their own ID to check if it has been used fraudulently by their children. Additionally, the platform will require a selfie submission to confirm that the user and the ID holder are the same person, which will be verified by AI. Kalshi co-founder and CEO Tarek Mansour said the company plans to introduce a family account option in the future, which would allow family members to monitor each other's betting history.