Kalshi has some of the strictest political insider trading restrictions of any financial exchange in America.
When Members of Congress open a brokerage account, they can trade. Some even make large sums of money. When Members of Congress try to open a Kalshi account, they’re automatically denied as part of Kalshi’s “Politically Exposed Persons” (PEPs) screening.
PEPs are people with significant influence or access to politically and globally sensitive information due to their jobs in governments, militaries, and political organizations. Kalshi uses lists of PEPs to flag traders during sign-up and deny or limit trading access to our markets.
PEPs are categorized by risk level and include:
National-level influence
Presidents
Cabinet members
Top political party officials
U.S. Congress
Senior armed forces members
UN ambassadors
Regional-level influence
Governors
Statewide elected officials
Members of the judiciary
Local-level influence
Mayors and leaders of large cities
Employees of state-owned companies
PEPs are flagged when creating accounts on Kalshi in order to prevent insider trading and avoid potential manipulation. Some PEPs cannot trade at all, including Members of Congress, Presidents, Governors, federal judges, and high-ranking military personnel.
Many of Kalshi’s restrictions extend beyond what the law requires or what standard insider trading laws prohibit. At Kalshi, we follow the law then go the extra mile to do what’s right.
Learn more about our insider trading prevention here.
