California weighs rules for election prediction markets

Kalshi’s head of research explains safeguards and market integrity as California considers regulating election betting. Despite tens of millions wagered on the governor’s race, Kalshi frames itself as a forecasting platform with strict prohibitions for campaign staff, robust KYC, and a philosophy of neutrality to pricing outcomes. The platform avoids sensitive topics, cites real-world hedging use cases (like weather or wage-related legislation), and seeks collaboration with state governments on reasonable rules.