Kalshi CEO Tarek Mansour seeks protections for customers who lose money

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Kalshi CEO Tarek Mansour is discussing with regulators the creation of additional safeguards for consumers who lose money on prediction market platforms. With research showing that most Kalshi customers lose money, he said regulatory rules should be established to clarify the boundaries of protections and address gaps. Kalshi is available in the U.S. to almost everyone over 18, but a handful of states have suspended its services, and it has faced criticism for bringing sports and election betting to vulnerable populations.