Kalshi and Polymarket have moved to restrict insider trading on the same day lawmakers introduced a bipartisan bill to ban popular sports event contracts.
Two major prediction market platforms, Kalshi and Polymarket, announced on Monday new trading guardrails to address insider trading amid mounting concerns about market manipulation on recent event contracts.
It comes the same day that US lawmakers introduced a bipartisan bill to ban event contracts that resemble a “sports bet” or “casino-style game.”
Kalshi on Monday said it would preemptively ban political candidates from trading on their own campaigns and those known to be involved in college and professional sports, such as athletes, personnel, and referees.
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