Posted on: May 6, 2026, 07:55h.
Last updated on: May 6, 2026, 07:55h.
Kalshi has unveiled new consumer protections The safeguards are designed to better block underage access The tools come amid much federal scrutiny in DCAs Congress continues to mull federal legislation to strengthen consumer safeguards on prediction markets, the largest platform in the United States says it’s taking a proactive approach in implementing new technologies to better protect traders.
Kalshi cofounder Luana Lopes Lara speaks during Inc. Founders House Los Angeles at Regent Santa Monica Beach on April 16, 2026. Kalshi has announced new consumer safeguards designed to better protect underage access to its prediction market platform. (Image: Getty)Kalshi is the largest prediction market in the US in terms of trading volume. The prediction market averages almost $500 million a day in notional volume, or the total monetary value of the underlying assets traded on Kalshi’s derivative markets.
In response to critics claiming the Commodity Futures Trading Commission is ill-equipped to properly regulate Kalshi and its many competitors, which collectively offer tens of thousands of trading contracts, some of which are prone to insider trading, Kalshi is rolling out expanded protections that are “designed to keep accounts secure and encourage responsible trading.”
Kalshi Safeguards
Kalshi says it will work to better protect against unauthorized access by minors by heightening its know-your-customer (KYC) protocols. That includes making Face ID active by default for all users who have the access defense enabled on their mobile devices.
“Parents should activate Face ID to ensure minors do not access their parents’ accounts,” Kalshi advises.
Selfies will also be requested for “higher-risk individuals.” Two-factor authentication for logins will additionally add an extra layer of protection against unauthorized access.
To strengthen its responsible trading initiatives, which currently include self-exclusion and daily time and trading limits, Kalshi is debuting a feature called Inner Circle. The tool allows traders to share their account activity with family and friends for monitoring.
Finally, Kalshi is deploying Health Check, an AI-powered tool that will suggest deposit limit recommendations based on an account’s past activity. The program will look for signs of unhealthy trading and proactively educate traders on the platform’s responsible gaming options.
There is more work to do. We have been doing a lot of research and will continue to uncover new insights that might lead to more safeguard measures,” Kalshi said.
In April, Kalshi announced it would be opening an online portal where the public can check to see if someone has opened an account using their identification.
Federal Intervention?
Several bills have been introduced in Congress to put new federal guardrails on prediction markets. The legislation proposes everything from banning politicians and DC insiders from engaging in prediction market trading to excluding event contracts involving sports.
Sens. Kirsten Gillibrand (D-NY) and Dave McCormick (R-PA) are behind the Prediction Market Act of 2026. The bill proposes banning all federally elected officials from prediction markets, establishing clear insider trading standards, and ensuring that all account deposit money is protected at all times by segregating customer funds.
Gillibrand and McCormick seek to require that prediction markets have “appropriate procedures to verify that individual customers have attained the age of 18 years.” Their bill would additionally create an independent office of the CFTC to field calls and disputes from traders.
“Prediction markets are already changing how Americans understand and manage risk. This legislation gives these markets the clear rules they need to grow responsibly, protects everyday investors who are participating in them, and ensures the United States remains the global leader in financial innovation,” said McCormick.
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