Kalshi CEO backs insider trading ban for U.S. lawmakers, executive branch officials

Kalshi and co-founder CEO Tarek Mansour said in an interview with CNBC that he supports banning insider trading by members of Congress and executive branch officials, adding Kalshi has monitored insider trading since its 2018 launch. Some Democratic lawmakers in the U.S. are pushing legislation that would go beyond insider trading rules and fully ban election-related prediction market trading, according to BeInCrypto. Earlier, Sen. Jeff Merkley and Rep. Jamie Raskin introduced a bill to prohibit event contracts tied to elections, sports, military action and major government activities.