Calci CEO supports transaction restrictions... congressional bill differs in scope

Kalshi co-founder and CEO Tarek Mansour said he supports restricting public officials from trading prediction markets, telling CNBC on Wednesday that insider participation makes competition "fake." His endorsement follows former White House chief of staff Rahm Emanuel's proposal, floated in an NPR interview Tuesday, to bar officials across the legislative, executive and judicial branches from both stock trading and prediction-market participation as part of a Democratic agenda that also includes lobbying reform. The split matters because Mansour backs limits on officials' trading specifically, while the congressional bill Emanuel envisions is broader in scope. Watch whether Democratic lawmakers translate the proposal into legislation and how prediction-market platforms position themselves as the rules take shape.