Kalshi launches features to keep kids off betting platform
Kalshi is launching new features to prevent individuals under 18 from accessing its prediction market platform, including face ID and two-factor authentication. The move comes ahead of new legislation introduced by Senators Kirsten Gillibrand and Dave McCormick to establish additional consumer protections for prediction markets.
Kalshi is introducing new measures to prevent minors from using its prediction market platform. The company will make face ID the default for users with the feature enabled on their devices and encourage parents to use it and two-factor authentication. Kalshi already uses Know Your Customer practices to block minors but is adding extra layers of protection. The platform will allow users to check if someone is logging in under their ID and request selfies from higher-risk individuals. The new features are being introduced ahead of legislation proposed by Senators Kirsten Gillibrand and Dave McCormick, which aims to establish additional consumer protections for prediction markets, including self-exclusion programs and age verification. Kalshi already has self-exclusion and self-limits in place and is adding features to allow users to share their trading activity with others and provide deposit limit recommendations.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.