The CEO of a leading U.S. prediction market company came out in support of a bill from Rep. Ritchie Torres (D-N.Y.) to ban government officials from using nonpublic information to profit from event contract trades.
Kalshi CEO Tarek Mansour said on LinkedIn Wednesday morning that the firm was “supportive” of Torres’ bill and emphasized the company’s existing federal oversight.
The announcement came after a single trader on Polymarket, another prediction market, netted $400,000 in the hours before American armed forces captured Venezuelan President Nicolás Maduro on Saturday.
