Prediction Markets Tighten Rules Amid Insider Trading Concerns
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 Polymarket and Kalshi introduce new insider trading rules amidst senatorial pressure. Kalshi bans political candidates and athletes from trading on their campaigns and sports, while Polymarket forbids trades based on confidential details. Lawmakers push back, with Schiff and Curtis introducing the Prediction Markets are Gambling Act, and Ocasio-Cortez warning of addiction and manipulation risks. As criticism escalates, platforms face mounting pressure to strengthen controls.
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