Kalshi plans to cap monthly deposits at $2,500 for traders aged 18 to 20 and alert some newer users about concentrated trades, Reuters reported, expanding safeguards on its event-contract platform.
The monthly cap would apply to traders in that age group, Reuters said. Separately, the outlet reported that new traders with balances above $1,000 would receive a notice when one position accounts for more than 25% of their funds. Kalshi intends the alert to encourage users to spread their exposure across multiple trades, Reuters reported.
Kalshi's May 4 customer-protection announcement outlined earlier account safeguards, including identity checks, two-factor authentication and deposit recommendations based on trading activity. Kalshi said Face ID is active by default for users who enabled it on their devices and that it would request selfies from higher-risk users. Its Responsible Trading Hub lists voluntary opt-outs and personal funding caps. Kalshi Chief Operating Officer and co-founder Luana Lopes Lara told Reuters the platform is available to adults 18 and older.
Kalshi's contracts are tied to event outcomes. The company says a contract resolved in a trader's favor is valued at $1. Its risk disclosure says users can lose the amount paid for a transaction, including fees.
ConnectSafely published a guide dated Oct. 26 and disclosed financial support from Kalshi, saying its organization is responsible for the guide's content. Parent ProTech identifies Kalshi as a founding supporter and says its own team directs the material. The group says its resources are free for families, schools and community organizations.
Reuters reported that the measures come amid criticism that event-based trading can resemble gambling and may expose users to addiction risks. The outlet also said Kalshi is emphasizing responsible trading ahead of the U.S. midterm elections.
