Kalshi joins National Council on Problem Gambling
The company will support a strategic initiative focused on trader health and safety with a $2m investment.
US.- The National Council on Problem Gambling (NCPG) has announced a $2m, two-year investment from prediction market platform Kalshi for an initiative focused on trader health and safety. Kalshi will join the NCPG as Platinum-level member and the first organisation in a new Financial Services and Trading subcategory.
Kalshi’s contribution is intended to help fund consumer education campaigns, increase awareness of the warning signs of problematic behaviour and promote responsible trading and healthy decision-making. It will also join NCPG’s Leadership Circle.
NCPG said it maintains a neutral position on the legality of prediction products.
Heather L. Maurer, executive director of NCPG, commented: “NCPG’s goal has always been to mitigate harm by increasing education, awareness, and understanding of risky behaviours, while ensuring access to trusted, scientific, and evidence-based information and healthcare resources. Innovation and responsibility can and must evolve together. Kalshi’s engagement demonstrates a commitment to mitigating harm before it occurs and ensuring support resources are accessible when they are needed.”
Tarek Mansour, co-founder and CEO of Kalshi, added: “At Kalshi, we believe in the power of prediction markets, and we are sensitive to the fact that they, like any financial trading products, come with risks. 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.”
Earlier this year, the NCPG called on prediction market operators in the US to promote the National Problem Gambling helpline.
