Kalshi Seeks to Strengthen Consumer Protection
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On October 28, 2026, Kalshi CEO Tarek Mansour said the company is discussing with regulators the establishment of additional safeguards for consumers who lose money on prediction market platforms. The discussions come against the backdrop of research showing that most Kalshi customers are losing money. Mansour said regulatory rules should be developed, the boundaries of consumer protection clarified, and existing gaps addressed. Kalshi is currently open in the United States to almost everyone aged 18 and over, but a small number of states have suspended its services; the platform has also faced criticism for bringing sports and election betting to vulnerable groups.
AI-written from reports · updated 1 hour ago
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- PYMNTSKalshi CEO Tarek Mansour seeks protections for customers who lose money
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.
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