Kalshi caps deposits for traders aged 18 to 20 ahead of US midterms

Kalshi is tightening the rules for its youngest customers. The CFTC-regulated prediction market said on October 27 that it is adding new guardrails for traders aged 18 to 20, with the US midterm elections approaching. The centerpiece is a $2,500 monthly deposit limit for that age bracket. What Kalshi is changing The new measures are aimed at curbing addiction and promoting responsible trading among young adults. The deposit cap is the headline item, but it does not stand alone. Kalshi is also rolling out automated alerts for newer users. They trigger when a trader puts more than 25% of their balance into a single market contract. The exchange is pairing those controls with outreach to families. Kalshi is working with Parent ProTech and ConnectSafely to publish educational guides that explain prediction markets to parents. Kalshi’s management frames the platform as working much like a stock exchange, available to anyone 18 or older. The new rules leave that age floor in place. They simply add friction for customers on the younger end of the eligible range. A small slice of volume, a big slice of attention On paper, the affected group is a modest share of Kalshi’s business. Traders a...