Prediction markets are getting serious about cleaning house. Kalshi's leadership recently threw its weight behind legislation aimed at cracking down on insider trading—a move that signals where the industry is heading on compliance. The proposal, championed by Rep. Ritchie Torres, represents a deliberate pivot away from the anything-goes ethos that defined some offshore, unregulated platforms. What's interesting here is how a major player like Kalshi is positioning itself. By publicly supporting stricter rules, they're essentially drawing a line between themselves and shadier operators. It's a smart play for legitimacy, especially as regulatory scrutiny on prediction markets continues to tighten. Whether this bill gains traction will likely determine how the entire sector evolves—more regulation could either strengthen consumer confidence or create barriers to innovation, depending on how it's written.