Prediction Markets Face New Restrictions, Bipartisan Backlash
Vancouver News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
In response to bipartisan pressure and potential legislative threats, prediction market platforms Kalshi and Polymarket have implemented new restrictions. Kalshi banned political candidates and athletes from betting on their own races, while Polymarket prohibited insiders from participating. These moves aim to address past controversies and appease critics, as the industry faces growing regulatory challenges and debates over its legitimacy.
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