The Coalition for Prediction Markets has initiated a seven-figure public relations campaign, highlighted by a full-page ad in The Washington Post, to address insider trading concerns in prediction markets. This move follows a controversial trade on Polymarket, where a trader profited over $400,000 by betting on Nicolás Maduro's political future just before his alleged capture by the U.S. military.
The coalition, which includes Kalshi, Coinbase, and Robinhood, aims to advocate for federal regulatory frameworks to distinguish regulated platforms from unregulated ones. Polymarket, not part of the coalition, has yet to comment on the incident.
Prediction Market Coalition Launches Major PR Campaign Amid Maduro Trade Controversy
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
