Kalshi has continued its recent hiring drive with the appointment of Sudhir Jain as its new chief compliance officer and head of regulatory affairs from financial services consultancy Patomak.
Jain spent four-and-a-half years in charge of Patomak’s New York City office, building out the firm’s derivatives practice.
While there, the consultancy supported in the registration of crypto swap dealer FalconX and prediction markets futures commission merchant (FCM) PrizePicks.
From 2016 to 2021, Jain was director of over-the-counter derivatives at the National Futures Association, and from 2008 to 2016 was an executive director at JP Morgan.
The news comes one day after Kalshi announced the appointment of a new head of congressional affairs in the shape of 12-years US Senate veteran Tony Hanagan.
Jain said he began working with Kalshi founders Tarek Mansour and Luana Lopes Lara one year ago while at Patomak.
“From our very first conversations, it was clear they were different,” he wrote in a LinkedIn post.
“What struck me most in those conversations was how they think about building a company: dream big and refuse to compromise on what you are building, but pair that optimism with deliberate preparation and ferocious execution.
Jain continued: “They saw compliance as foundational to building a durable, trustworthy company. They chose the harder, regulated path from day one because they were committed to doing things the right way.
“They asked hard questions, made principled decisions, and consistently prioritized long-term integrity over shortcuts. That level of foresight and discipline is rare.
“When they asked me to join them full-time, it felt like one of the most natural decisions I have ever made.”
Kalshi is bolstering its regulatory team amid a series of legal claims from state regulators which accuse the platform – which is federally overseen by the Commodity Futures Trading Commission – of offering betting products without a state licence.
Recent updates on the firm’s legal conflicts with states include a $5m fine from Ohio lawmakers and a temporary restraining order against the state of Arizona, blocking it from pursuing criminal charges levelled at Kalshi.
Kalshi completed its $1bn funding round last week, confirming the company’s widely-reported $22bn valuation.
In other people news, former CEO of Crypto.com | Derivatives North America (CDNA) Travis McGhee has left Crypto.com after nearly four years with the company.
McGhee joined when options trading platform Nadex was acquired by Crypto.com in March 2022 and he became CEO of CDNA. He also took on the role of MD and global head of capital markets at Crypto.com.
In November 2025 he stepped down from his CEO and MD roles to become executive vice-president at Crypto.com.
McGhee played a key role in expanding Crypto.com’s prediction markets reach as it penned partnerships with the likes of Underdog and DraftKings to push its markets onto those platforms.
Arnold Ash is EGR’s executive recruitment partner. It supports ambitious organisations to identify and attract industry leading executive talent. Find out more here.
The post Kalshi hires ex-Patomak partner as chief compliance officer first appeared on EGR Intel.
Prediction market platform further expands its regulatory team with addition of Sudhir Jain, following swoop for Senate veteran earlier this week
The post Kalshi hires ex-Patomak partner as chief compliance officer first appeared on EGR Intel.