Kalshi partners with Problem Gambling Council amid pressure on prediction markets
Kalshi will spend $2 million over two years to partner with the National Council on Problem Gambling, becoming the first prediction market company to join the organization.Summary
Kalshi announced on Monday that it will invest $2 million over the next two years to partner with the National Council on Problem Gambling (NCPG). This partnership establishes Kalshi as the first prediction market company to formally join the organization, creating a new "Financial Services & Trading" membership category at the platinum level. The initiative aims to fund education campaigns, research projects, and consumer resources designed to help users recognize risky financial behavior. Kalshi, which operates a federally regulated prediction market exchange, has consistently argued its platform should be viewed as a financial exchange rather than a sportsbook or casino. Despite this, the company faces increasing scrutiny from lawmakers and regulators who question whether some products resemble gambling. In response to these concerns, Kalshi has tightened internal rules regarding trading activity involving politicians and athletes, while simultaneously expanding its sports operations. The partnership reflects a commitment to responsible trading, as Kalshi already provides tools such as trading breaks, self-limits, and self-exclusion options. NCPG Executive Director Heather L. Maurer emphasized that innovation and responsibility must evolve together, while Kalshi co-founder and CEO Tarek Mansour stated the company is committed to setting a new standard for responsible trading.
(Source：Readwrite)