# Prediction market Kalshi hires FBI agent to fight money laundering

> As prediction markets face legal scrutiny, Kalshi brings in a former federal prosecutor to build defenses against financial crime.
- Title: Prediction market Kalshi hires FBI agent to fight money…
- Summary: As prediction markets face legal scrutiny, Kalshi brings in a former federal prosecutor to build defenses against financial crime. Prediction market platform…
- Keywords: kalshi, sean fern, prediction markets, money laundering, fbi, financial crime, insider trading, news, Prediction, market, hires, agent
- Source: NPR — https://npr.org/2026/10/09/nx-s1-5996683/kalshi-fbi-sean-fern-money-laundering
- Published: 2026-10-09T00:00:00+00:00
- Read time: 1 min
- Topics: kalshi, sean fern, prediction markets, money laundering, fbi, financial crime, insider trading, news
## Kalshi hires former FBI agent
Prediction market platform Kalshi has hired Sean Fern, a former FBI agent, to lead its first anti-money laundering team as the company faces increasing legal scrutiny.
## Kalshi's explosive growth
Kalshi has crossed two hundred sixty billion dollars in bets so far this year, already triple the amount traded in all of twenty twenty-five, according to TickerTracker.
## Fern's mission at Kalshi
Fern, who worked as a federal prosecutor in Brooklyn after his FBI career, told NPR his aim is to build defenses against financial crimes on the platform.

> I want to make sure it's a hard place to launder money or evade sanctions and commit fraud.
## Regulatory scrutiny over insider trading
Kalshi faces mounting scrutiny over insider trading and market manipulation.Federal regulators settled with former U.S.Rep.George Santos over market manipulation, and prosecutors indicted a former U.S.
## Fern's law enforcement background
At the FBI, Fern was a special agent in the international corruption squad and helped lead the investigation into the multibillion-dollar bribery scheme tied to Malaysia's sovereign wealth fund, known as one MDB.
## Kalshi's expansion plans
Kalshi, estimated by PitchBook to be worth around forty billion dollars, has two hundred fifty employees and plans to double its headcount over the next six months.
## Key takeaway

Prediction market platform Kalshi hired Sean Fern, a former FBI agent and federal prosecutor, to lead its anti-money laundering efforts as the company faces mounting regulatory scrutiny over insider trading and market manipulation.