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Trends In the Use of Confidential Information on Prediction Markets

This article explores recent trends in the use of confidential information on prediction markets, how the Commodity Futures Trading Commission regulates that conduct, and practical considerations for businesses.

14 minute readApril 30, 2026 at 11:13 PM
By
John O’Donnell
Scott Balber
& Prishika Raj
Trends In the Use of Confidential Information on Prediction Markets

In a recent podcast interview, the CEO of Kalshi — a prediction market that allows users to legally trade on the outcome of real world events — stated that trading on confidential information on prediction markets is policed by “airtight” definitions and regulations.

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