Kalshi taps former FBI agent to fight against money laundering

YOU KNOW WHAT IS ACTUALLY MENTAL IS THAT THIS PREDICTION MARKET SITE KALSHI JUST WENT AND HIRED A FORMER FBI AGENT TO STOP MONEY LAUNDERING! SO NOW THEY ARE TRYING TO STOP CRIMINALS FROM ABUSING THE PLATFORM BECAUSE THEY HAVE BEEN UNDER SO MUCH PRESSURE LATELY OVER PEOPLE COMPLAINING ABOUT MARKET MANIPULATION AND INSIDER TRADING WHICH IS WILD BECAUSE THIS IS SUPPOSED TO BE A PLACE FOR BETTING ON FUTURE EVENTS BUT APPARENTLY THEY ARE MAKING BIG MOVES TO CLEAN UP THEIR ACT BY GETTING THE FEDS INVOLVED NOW! I DO NOT KNOW IF IT WILL WORK OR WHAT THE SPECIFIC PLAN IS BUT THEY ARE CLEARLY SCARED OF THE SCRUTINY. ANYWAY THAT IS THE SHORT VERSION, ASK ME LATER.

NO BUT ACTUALLY THOUGH KALSHI IS OUT HERE TRYING TO GET LEGIT BY BRINGING IN EX-FBI TYPES TO CRACK DOWN ON MONEY LAUNDERING! IT IS A WILD SCENE BECAUSE THE PLATFORM IS ALLEGEDLY GETTING HEAT FROM EVERYWHERE ABOUT INSIDER TRADING AND PEOPLE MANIPULATING THE MARKETS ON THEIR SITE AND THEY ARE PROBABLY PANICKING A LITTLE BIT. IT IS LIKE THEY ARE TRYING TO PROVE THEY ARE NOT SOME WILD WEST CASINO FOR FINANCIAL CRIMES SO THEY HIRED SOMEONE WITH EXPERIENCE TO POLICE THE WHOLE THING WHICH IS HILARIOUSLY SERIOUS FOR A PREDICTION SITE. I HAVE NO CLUE IF THIS IS ACTUALLY GOING TO STOP THE MANIPULATION STUFF BUT THEY ARE DEFINITELY TRYING TO LOOK LIKE THEY ARE DOING SOMETHING. ANYWAY DO NOT QUOTE ME ON ANY OF THAT.

Prediction market Kalshi has hired a former FBI agent to help prevent money laundering, amid mounting pressure regarding allegations of market manipulation and insider trading on its platform.

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