Kalshi launches features to keep kids off betting platform |
Kalshi launches features to keep kids off betting platform
The prediction market Kalshi is cracking down on kids using the platform, launching new features Monday to prevent individuals younger than 18 years old from accessing the site.
The platform is making face ID the default for users who already have the feature enabled on their devices and encouraging parents to use it and two-factor authentication to prevent their kids from using their accounts.
“We run KYC (customer verification, like regulated brokers) and use that to block them,” Kalshi said in a press release, referring to “Know Your Customer” practices used by financial institutions to prevent fraud and crime.
“But like with any service, motivated minors try to circumvent KYC by using family members’ identification (parents, older siblings, etc.),” it added.
The company is also launching a feature to allow users to check if someone is logging in under........