Kalshi Partners with NCPG to Promote Responsible Trading

Kalshi, the prediction market platform, has joined the National Council on Problem Gambling (NCPG), despite its repeated assertions that it operates as a financial trading platform rather than a gambling entity. The partnership includes a new Financial Services & Trading Subcategory within the NCPG, reflecting the growing intersection of financial markets and trading risks.

“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,” said Tarek Mansour, co-founder and CEO of Kalshi.

Heather Maurer, Executive Director of the NCPG, emphasized the importance of responsible innovation: “NCPG’s goal has always been to mitigate harm by increasing education, awareness, and understanding of risky behaviors, 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.”

The collaboration includes a $2 million investment from Kalshi over two years to support the Financial Trader Health and Safety Initiative. This initiative will focus on expanding education and awareness of responsible trading across diverse markets, including prediction markets, cryptocurrencies, and leveraged commodities. Notably, the NCPG press release did not address the controversy surrounding Kalshi‘s sports trading markets, instead categorizing them broadly as “other products.”

This partnership follows recent statements from the NCPG that prediction markets pose “similar levels of risk to the consumer as traditional sports betting.” The organization had previously urged prediction market platforms to include the 1-800-MY-REST National Problem Gambling Helpline on their platforms—a recommendation Kalshi has not yet adopted.

As part of its membership, Kalshi will pay annual dues ranging from $8,000 to $15,000. Other Platinum Corporation Members of the NCPG include industry giants such as Bally’s, BetMGM, Caesars Entertainment, DraftKings, FanDuel, and MGM Resorts.