BBB ad watchdog refers Kalshi to regulators over influencer marketing review

The Better Business Bureau’s National Advertising Division escalated the matter after the prediction market platform declined to take part in a review of its advertising practices.

Summary

Kalshi has been referred to regulatory authorities by the Better Business Bureau’s National Advertising Division after the prediction market platform declined to participate in a review of its influencer advertising practices. The move by the National Advertising Division, an industry self-regulatory body that monitors advertising claims, signals scrutiny of how the company promotes its services through influencers and shifts the matter beyond voluntary review.

Terms & Concepts
  • prediction market platform: Venue for trading event-based outcomes
  • influencer advertising: Marketing that uses social media personalities