Kalshi Executive: Insider Trading Issue Is Not Unique to Prediction Markets and Requires a Refined Solution

Odaily Planet Daily News: John Wang, Head of Cryptocurrency at Kalshi, responded to the insider trading controversy in prediction markets on X, stating: "I believe this is a very important issue, but it is not unique to prediction markets. The stock market is essentially a prediction market for the future performance of companies, and there has been a long history of exploration and iteration on the boundary between 'legitimate information advantages' and 'illegal use of material non-public information.' The role of regulation is to find this balance. Like the stock market, insider trading is a complex issue that requires refined solutions, but it is not insurmountable. I also agree that when operating at scale, introducing mechanisms such as KYC and market surveillance is very necessary to help prevent insider trading. That's why we have adopted this approach at Kalshi from day one."