*Walter Bloomberg|May 04, 2026 12:49
KALSHI TIGHTENS UNDERAGE CONTROLS BUT RESISTS AGE HIKE
Kalshi is adding safeguards to block minors from its prediction markets, including facial recognition at sign-up, selfie checks for risk users, stronger 2FA, and login alerts. CEO Tarek Mansour says the firm is proactively raising consumer protection standards.
The company is still opposing calls to raise the minimum trading age to 21, arguing prediction markets are equivalent to stock trading and should remain 18+.
The changes come as prediction markets surge in popularity and face growing scrutiny over youth gambling risks, with lawmakers and sports leagues pushing for stricter rules.(*Walter Bloomberg)
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