Prediction Markets Ban Insider Trading, Face Regulatory Scrutiny
Salt Lake City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Prediction market platforms, Kalshi and Polymarket, implement new rules to prevent insider trading and manipulation, following federal guidance and CFTC scrutiny. Despite partnerships with sports teams, concerns remain about enforcement and public perception. Meanwhile, bipartisan legislation seeks to ban sports-like contracts, and several states have expanded gambling laws to block these markets. As prediction markets grow amid Trump family investments, their future remains uncertain.
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