US senators have pressed prediction market platforms Kalshi and Polymarket to provide evidence that their election trading safeguards are effective. The lawmakers requested specific data on suspected violations intercepted before trading occurred versus those identified after the fact.
Written responses from both platforms are due by November 3. The inquiry comes amid growing scrutiny of prediction markets' role in political events and whether existing controls adequately prevent manipulation or insider trading during elections.
US Senators Demand Kalshi and Polymarket Prove Election Trading Safeguards Are Working
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