Kalshi adds facial ID, deposit limits for minors
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- Kalshi will require facial recognition for new users, request selfies from high‑risk accounts, promote two‑factor authentication and add a login‑alert tool.
- Kalshi will suggest deposit limits based on unhealthy trading signs, sometimes ask for proof of funds, and launch an “Inner Circle” feature for users to share activity with family.
- Sen. Kirsten Gillibrand and Sen. Dave McCormick introduced the Prediction Market Act of 2026, which would mandate self‑exclusion programs and age verification for prediction markets.
- NBA and the PGA Tour called for raising the trading age to 21 to align with sportsbooks and casinos.
- Tarek Mansour says the minimum age should stay 18, arguing prediction markets are akin to equities trading.
- Common Sense Media reported that 36% of 11‑17‑year‑old boys gambled in the past year, including 49% of 17‑year‑olds.
- Jonathan Cohen noted that gambling harms are concentrated among younger men, making prediction markets the new frontier in sports gambling concerns.
Why it matters: The new safeguards protect younger users from gambling‑related harms while preserving market access for adults, but they fall short of the industry‑wide push to raise the trading age to 21, leaving regulators and sports leagues to continue pressuring the platform.
