Kalshi executive: Insider trading issues are not unique to prediction markets; they need to be addressed through more refined solutions

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ME News message, April 26 (UTC+8). Kalshi crypto chief John Wang responded on X to the controversy over alleged insider trading in prediction markets, saying: “I think this is a very important issue, but it exists not only in prediction markets. Stock markets are, by nature, also prediction markets for a company’s future performance, and on the boundary between ‘legitimate informational advantage’ and ‘illegal use of material nonpublic information,’ there has been a long period of exploration and iteration. The role of regulation is to find this balance point. Like stock markets, insider trading is a complex issue that requires a finely tuned solution, but it is not insurmountable. I also agree that when scaling operations, introducing mechanisms such as KYC and market monitoring is very necessary, and helps prevent insider trading. So we’ve been doing this at Kalshi from day one. (Source: ODaily)”
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