Kalshi executive: The insider trading issue is not unique to prediction markets and needs to be addressed through more refined solutions

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ME News, April 26 (UTC+8), Kalshi crypto chief John Wang responded on X to a controversy over alleged insider trading in prediction markets, saying: "I think this is a very important issue, but it isn’t confined to prediction markets. The stock market is, in essence, also a prediction market for a company’s future performance, and on the boundary between 'legitimate information advantages' and 'illegal use of material non-public information,' it has undergone long-term exploration and iteration. The role of regulation is to find that balance point. Like the stock market, insider trading is a complex problem that requires a fine-tuned solution, but it’s not insurmountable. I also agree that when operating at scale, it is very necessary to introduce mechanisms such as KYC and market monitoring, which help prevent insider trading. So we’ve been doing this at Kalshi since day one. (Source: ODAILY)"
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