CEO Tarek Mansour said in an interview that Kalshi would prevent children from using a parent’s ID to bypass age restrictions by launching a parental portal and AI verification.
Kalshi co-founder and CEO Tarek Mansour reportedly announced a new strategy for the prediction markets platform to crack down on minors illegally using its services.
According to a Wednesday Semafor report, Mansour said that Kalshi was launching a “portal for parents” to submit their identification to check whether their children were using the platforms under their names. There have been incidents in which minors have been able to bypass Kalshi’s age requirements — a US-based user must be 18 years old — by using one of their parent’s IDs for verification.
“We are also adding selfies to accounts, where you can basically look at the face of a person, and it can tell you obviously if this person is not the actual parent that’s 50 years old,” said Mansour, according to Semafor.
The CEO’s comments come as prediction market platforms face increased scrutiny in the United States, both from state-level gaming authorities for the companies’ sports-related event contracts, and at the federal level for controversial bets on military actions.
Crypto exchanges have also questioned Kalshi’s dominance in the market, with Binance integrate prediction market features in its wallet app last week, followed by Crypto.com partnership with High Roller Technologies in a similar movement.
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At the heart of Kalshi’s arguments in court is the assertion that the company is under the exclusive jurisdiction of the federal commodities regulator, the U.S. Commodity Futures Trading Commission (CFTC). Michael Selig, who chairs the CFTC, supported this position in an amicus brief supporting Crypto.com in its dispute with the Nevada Gaming Control Board.
Legal battles continue over contracts relating to sporting and electoral events
As of Wednesday, numerous cases against Kalshi were pending at the state level.
A federal judge in Arizona state officials stranded to enforce the state’s gambling laws as applied to Kalshi’s event contracts last week. The ruling followed a similar result in New Jersey, where a federal appeals court agreed with the company’s argument claiming that the Commodity Exchange Act – under the CFTC – preempted state sports gambling law.
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