Kalshi welcomes Timothy McDermott, former CEO of North American Derivatives Exchange (Nadex), as a public director on its board of directors. He will serve on Kalshi’s Regulatory Oversight Committee and its Disciplinary Panel.
“Tim’s experience with exchanges in compliance, regulation and as a chief executive adds a wonderful resource to Kalshi,” said Tarek Mansour, CEO and Co-Founder of Kalshi. “We will benefit tremendously from his oversight and advice.”
“I’m pleased to join Kalshi’s board and am very impressed with the work they’re doing and the team they’ve assembled,” Tim said. “A new exchange for trading on events is certainly a great leap forward in the world of exchanges and the financial instruments investors can utilize.”
Tim previously served as Director and Compliance Counsel at the Chicago Mercantile Exchange (CME).