Bipartisan Pair of Senators Press Kalshi, Polymarket over Election Markets
4 Articles
4 Articles
In online betting markets, hundreds of millions of dollars are placed on the outcome of the U.S. interim elections. While the companies behind it see themselves as better survey institutes, the cases of insider trading are increasing.
Sens. Warren, Curtis Press Kalshi and Polymarket on Insider Trading in Midterm Betting
Sen. Elizabeth Warren (D-Mass.) waves as she leaves the stage after speaking on the last day of the Democratic National Convention at the United Center in Chicago on Aug. 22, 2024. (Charly Triballeau/AFP via Getty Images)
Bipartisan pair of Senators press Kalshi, Polymarket over election markets
A bipartisan pair of senators are pressing Kalshi and Polymarket over prediction markets tied to the Nov. 3 midterm elections. “We write to express concerns about election-related prediction markets and to request specific information about your companies’ efforts to prevent insider trading, market manipulation, and wagers based on material nonpublic information,” Sens. Elizabeth Warren (D-Mass.)…
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