What Is Kalshi’s New Employment Verification Rule?
Kalshi, the popular prediction market platform, has added a required employment verification step for some users placing certain bets. This change affects how traders prove their job status before participating in specific markets. If you use Kalshi to trade on events like economic data or company performance, you need to understand this update.
Why Did Kalshi Introduce Employment Verification?
The main reason is to follow regulations and prevent insider trading. By verifying employment, Kalshi can ensure users don’t have unfair access to private information. For example, if you work at a company that reports earnings, you can’t bet on that company’s stock performance. This keeps the platform fair for everyone.
Who Needs to Complete Verification?
Not all users need to verify their employment. The requirement applies mainly to:
- Traders betting on markets tied to specific companies or industries
- Users placing large bets on economic indicators
- Anyone flagged by Kalshi’s risk management system
If you only trade on general topics like sports or weather, you likely won’t face this step.
How to Complete Kalshi Employment Verification
The process is straightforward. Here’s what you need to do:
- Log into your Kalshi account
- Go to the verification section under settings
- Upload a recent pay stub, tax document, or employer letter
- Wait for approval (usually within 24 hours)
Make sure your documents are clear and show your name and employer. Blurry or expired documents may cause delays.
Tips for a Smooth Verification
- Use a digital copy instead of a photo
- Remove sensitive info like your Social Security number
- Contact support if you don’t have standard documents (e.g., freelancers)
What This Means for Prediction Market Traders
This update adds a layer of security but may slow down new users. If you plan to trade on company-specific events, expect to verify your job first. For casual traders, the impact is minimal. Kalshi’s goal is to build trust and comply with U.S. laws, which benefits long-term users.
In short, employment verification is a small step that protects the integrity of prediction markets. Stay informed and complete the process early to avoid interruptions.
Comment