Kalshi Tightens Guardrails for Young Traders With $2,500 Monthly Deposit Cap

Kalshi is imposing new safeguards on its prediction market platform for traders aged 18 to 20, including a $2,500 monthly deposit limit, as it seeks to curb addiction ahead of U.S. midterm elections. The company announced the measures on Tuesday. Kalshi will also alert new traders whose balances exceed $1,000 and who allocate more than 25% of their funds to a single trade, urging them to diversify. The platform, which lets users wager on outcomes from sports and elections to military operations, has drawn criticism that it resembles gambling. "Like the stock exchange, Kalshi is available only to traders 18 and older," said COO and co-founder Luana Lopes Lara, adding that new traders need more education and safeguards. Kalshi also announced partnerships with parent and youth safety groups Parent ProTech and ConnectSafely to publish parents' guides to prediction markets.