Kalshi Ups Safeguards To Block Underage Account Access

• Kalshi announced this week new measures to up safeguards for account access
• Face ID is now the default measure for Kalshi customers to access their accounts
• Additional measures are also in place that mirror promoted safeguards in a federal bill

Kalshi announced this week new default safeguards to prohibit potential underage access to account in wake of a federal bill promoting consumer protection and market integrity in prediction markets.

While Kalshi currently uses know-your-customer protocols, the company announced it will release new features to prevent unauthorized access.

“We run KYC (customer verification, like regulated brokers) and use that to block them. But like with any service, motivated minors try to circumvent KYC by using family members’ identification (parents, older siblings, etc.). We’re releasing features to help prevent unauthorized access,” the company announced.

Face Identification Now Default

Perhaps the largest change to Kalshi’s account access safeguards is the company’s decision to make Face ID the default for access for users who have enabled Face ID on their devices. The company notes parents should ensure Face ID is enabled on their device to ensure minors do no access their accounts.

While two-factor authentication is an already existing feature, Kalshi reported it will now also be promoted as a way to “prevent unauthorized access by minors and others (outside of general security concerns).”

Additionally, while Kalshi has risk-limit protections already in place, such as self-exclusion and limits for trading activity, the company introduced a new social feature called the “Inner Circle.” The new feature will allow users to gives friends and family access to their accounts to be able to view their trading activity.

Those granted access will receive real-time alerts to trades to help them monitor account activity.

Kalshi will also implement new “health checks” for users, which will include looking for signs of unhealthy trading and proactively educating traders on the company’s controls, plus suggested personalized deposit limits if unhealthy trading is observed.

“There is more work to do. We have been doing a lot of research and will continue to uncover new insights that might lead to more safeguard measures.”

Proactively Implementing New Measures

Kalshi reported the safeguards are being implement proactively after a bipartisan bill was introduced that establishes new regulatory frameworks for prediction markets.

Sen. Dave McCormick (R-PA) and Sen. Kirsten Gillibrand (D-NY) introduced recently the Prediction Market Act of 2026, which takes several steps to modernize the regulatory framework for event contracts and prediction markets.

The bill includes the following:

• Defines an event contract, public interest, and relevant terms to limit uncertainty
• Requires individual review of event contracts that involve the enumerate activities, including violence, using newly estabished criteria
• Established enhanced certification standards of listing event contracts and disclosures prioritizing retail customer readability
• Requires exchanges to implement safeguards related to advertisements, know-your-customer standards, and fund segregation
• Prohibits lawmakers and high-ranking government officials from trading event contracts
• Creates a new CFTC Office of the Retail Advocate to support retail investor interests
• Establishes an advisory council on consumer protection to analyze and recommend additional safeguards for customers
• Creates the innovation advisory committee to advise the commission on policy issues
• Requires the CFTC to study and report to Congress on new developments in prediciton markets