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Popular prediction markets take heat from lawmakers

Lawmakers raise concerns about insider information and ethics after thousands bet on Polymarket hours before U.S. and Israel military actions, prompting calls for new regulations.

Summary by Spectrum News
As prediction markets such as Kalshi and Polymarket grow in popularity, controversy surrounds many bets traders make on the platforms.

4 Articles

QuartzQuartz
Center

The prediction market backlash has arrived

Platforms like Kalshi and Polymarket are facing bipartisan backlash as lawmakers warn that prediction markets are monetizing state secrets

·United States
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Spectrum Local NewsSpectrum Local News
+2 Reposted by 2 other sources
Center

Popular prediction markets take heat from lawmakers

As prediction markets such as Kalshi and Polymarket grow in popularity, controversy surrounds many bets traders make on the platforms.

·United States
Read Full Article
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Spectrum News broke the news in United States on Friday, March 6, 2026.
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