"Kalshi's new features "further demonstrate our commitment to safe markets." This includes banning political candidates from trading on their own campaigns and blocking sports-related trades by involved individuals."
"Polymarket's chief legal officer stated, "These rule enhancements make our expectations abundantly clear for every participant across both platforms," emphasizing the importance of integrity in trading."
"Polymarket faced criticism after users profited from bets made ahead of military actions in Iran and Venezuela, raising concerns about insider knowledge and market manipulation."
"The proposed "Prediction Markets are Gambling Act" aims to ban prediction markets from creating contracts related to sports, potentially impacting the industry's growth."
Kalshi and Polymarket introduced new regulations to ensure market integrity following proposed legislation that could limit prediction markets. Kalshi banned political candidates from trading on their campaigns and restricted 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 Fortune
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