Kalshi Invests $2 million into New National Council on Problem Gambling Initiative
Prediction market Kalshi has entered into a two-year, $2 million strategic initiative with the National Council on Problem Gambling (NCPG), the largest national responsible gambling nonprofit in the US.
Kalshi will join the NCPG’s new Financial Services and Trading Subcategory as a platinum-level member, becoming the first prediction market operator to do so.
The initiative will focus on trader health and safety, specifically dealing with the unique aspects of prediction markets and trading platforms like Kalshi compared to traditional sportsbooks, such as the use of cryptocurrencies.
“As prediction markets continue to evolve, we are deeply committed to setting a new standard for responsible trading by investing in the tools, education, and protections needed to promote healthy participation and customer safety, and hope that over time all trading platforms with significant retail participation follow suit,” said Kalshi CEO and Co-Founder Tarek Mansour.
Heather L. Maurer, Executive Director of NCPG, also addressed the importance of educating the public amid the rapid growth of prediction markets in the US, adding, “Kalshi’s engagement demonstrates a commitment to mitigating harm before it occurs and ensuring support resources are accessible when they are needed.”
