"Kalshi will ban political candidates from trading on their own campaigns and block anyone involved in college or professional sports from trading contracts related to the sports they play or are employed by."
"Polymarket rewrote its rules to state that users cannot trade on contracts where they might possess confidential information or could influence the outcome of an event."
"These rule enhancements make our expectations abundantly clear for every participant across both platforms, said Neal Kumar, Polymarket's chief legal officer."
"Senators Adam Schiff and John Curtis introduced legislation titled the Prediction Markets are Gambling act that would ban prediction markets from creating contracts related to sports."
Kalshi and Polymarket introduced new regulations to ensure market integrity following proposed legislation that could limit prediction markets. Kalshi will prohibit political candidates from trading on their campaigns and block individuals involved in sports from trading related contracts. Polymarket revised its rules to prevent users with confidential information from trading on certain contracts. These changes aim to clarify expectations for participants and address criticism regarding prior betting activities linked to significant geopolitical events.
Read at www.theguardian.com
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