Prediction Market Kalshi Adds Age Verification and Safety Tools
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Prediction market platform Kalshi is implementing new tools to prevent minors from trading, including facial recognition for account access. The move comes as lawmakers and sports leagues call for stricter age verification for prediction markets. Kalshi will also introduce features like suggested deposit limits and activity sharing to promote responsible trading.
Facts First
- Kalshi is implementing facial recognition technology when opening its app to prevent minors from using family accounts.
- The company will suggest deposit limits to users based on signs of unhealthy trading and may request proof of funds.
- A new 'Inner Circle' feature will allow users to share trading activity with friends and family.
- Senators introduced the Prediction Market Act of 2026, which would mandate age verification and self-exclusion programs.
- Major sports leagues are calling for prediction markets to raise the trading age to 21.
What Happened
Prediction market platform Kalshi is implementing new tools to prevent minors from trading, despite an existing ban. The new measures include requiring facial recognition technology when opening the app to make it harder for kids to use family accounts. Kalshi will also request selfies from certain users deemed at higher risk and is promoting two-factor authentication. The company is installing a tool that allows users to see if someone else has logged in using their information. Kalshi will announce on Monday that it will suggest deposit limits to individual users based on signs of unhealthy trading, sometimes requesting proof of funds. The company is also introducing a feature called Inner Circle that allows users to share trading activity with friends, family, and parents.
Why this Matters to You
If you or someone in your household uses prediction markets, you may see new security prompts like facial recognition when logging in. These changes are designed to protect your account and could make it more difficult for unauthorized users, including minors, to access it. For parents, the activity-sharing feature could provide a way to monitor a family member's trading habits, which may help identify problematic behavior early. The broader regulatory push suggests that how you access and use these platforms is likely to become more controlled in the future.
What's Next
Kalshi will formally announce its new safety features on Monday. The regulatory environment for prediction markets appears to be shifting, with the newly introduced Prediction Market Act of 2026 potentially setting a federal standard for age verification. The calls from major sports leagues to raise the trading age to 21 could influence future legislation or platform policies. The Commodity Futures Trading Commission (CFTC) claims regulatory jurisdiction over prediction markets, so its stance on these new tools and proposed laws will be a key factor in what rules ultimately govern the industry.