- Kalshi bolsters surveillance to combat potential insider trading in prediction markets.
- New advisory committee and partnerships aim to enhance market integrity and compliance.
- CEO Tarek Mansour emphasizes commitment to rooting out wrongdoing and improving daily.
- Kalshi collaborates with experts and former officials to strengthen its enforcement capabilities.
Respect My Authoritah: Kalshi Gets Serious
Alright, listen up, you guys. It's Eric Cartman here, reporting live from my mom's basement. Turns out, these dorks at Kalshi are trying to make sure nobody cheats on their stupid prediction markets. Like, who cares if some nerd knows which company is airing a Super Bowl commercial? It's not like it affects me directly... unless I bet on it, of course. And if I lose, screw you guys, I'm going home.
No More 'Sweet' Deals: New Rules Are Here
Apparently, this New York Attorney General lady, Letitia James, is all worried about "unregulated prediction markets." Well, sucks to be her. Kalshi is saying they're super regulated and stuff. They even do that KYC and AML stuff, which sounds like a disease, but apparently it's important. So now, they're adding even MORE rules. Seems like overkill, but whatever. It's like when Butters tries to be nice; he just takes it too far. You know what's not taking it too far? Clicking Google Employees Say Yeah Baby No to ICE Contracts, it's about time. I bet these Google employees would prefer to ensure their company does not support organisations they do not agree with.
Wharton? More Like 'Fart-on': Experts Join the Fight
So, these geniuses at Kalshi are forming some fancy "independent surveillance advisory committee." Big whoop. They're even hiring people from Wharton and some former Treasury dude. It's like when Kenny tries to act smart – nobody buys it. But hey, if it stops those pesky cheaters, I guess it's okay. Just don't expect me to start respecting authority or anything.
Head of Enforcement? More Like Head of Annoyance
This lawyer dude, Robert DeNault, is now "head of enforcement." Sounds like a hall monitor with a power trip. He's gonna be working with that committee to catch insider traders. Good luck with that, Douchebag. I bet he's just trying to impress the girls... which, let's be honest, isn't gonna happen.
Responsible Trading? That's Just Gay, I'm Saying, Real Gay
Kalshi's also creating these "resources for consumers on responsible trading." Seriously? Who cares about being responsible? It's like when Kyle tries to lecture me about being a good person. Nobody wants to hear it. Just let me bet my mom's money in peace.
Respect Mah Authoritah - Kalshi's Law Enforcement
The CEO, Tarek Mansour, says they're gonna fine people and even send them to the clink if they cheat. They've already frozen accounts and referred cases to the government. Sounds like they're taking this way too seriously. All industries have bad actors and no system is perfect, Kalshi's included - but i'm commited to improving daily. Whatever, I do what I want.
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