Kalshi, Polymarket Face Scrutiny From Democrats After Midterms
6 Articles
6 Articles
Victorious Democrats Vow to Rein in Prediction Markets
“It was the tale of two election nights for prediction markets,” Politico reports. “Kalshi and Polymarket, the two dominant platforms, foretold Democrats’ sweeping victories in the midterms — and well before much of the pundit class — affirming to supporters their value as forecasting tools. But the Democratic wave could also mark the beginning of […]
According to ChainCatcher, Politico reports that platforms including prediction market platforms Kalshi and Polymarket may face stricter regulations following the Democratic Party's victory in the midterm elections. Politico states that during Trump's term, regulators were relatively lenient towards prediction markets, allowing them to expand rapidly in areas such as politics, sports, and stocks. Several Democratic lawmakers, including Oregon Se…
Crypto Briefing
Cryptocurrency News | Cryptocurrency Prices | Market CapKalshi, Polymarket face scrutiny from Democrats after midterms
Democrats plan to crack down on Kalshi and Polymarket after the midterms, citing insider trading and betting on elections, war, and terrorism.
Democrats win Congress, prediction markets face scrutiny
the breakdown Market briefing: Democrats flipped both chambers of Congress, stalled the CLARITY Act, and named prediction markets as an oversight target. Yet BTC sat near $75,791 and ETH near $2,230, barely moving on the news. Democrats took the House and Senate on November 3 and signaled tougher crypto oversight. The CLARITY Act stalled on a 49 to 50 vote, with prediction markets named as a target. BTC and ETH stayed near flat, showing no mea…
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