Source link : https://las-vegas-news.com/kalshi-and-polymarket-enforce-insider-trading-bans-as-senate-targets-sports-prediction-markets/
Platforms Introduce Proactive Restrictions (Image Credits: Unsplash)
Prediction market platforms Kalshi and Polymarket moved quickly on Monday to bolster their defenses against insider trading. The announcements followed closely on the heels of new legislation from two U.S. senators aimed at restricting sports-related contracts on these sites. Regulators and lawmakers expressed concerns that such markets blur the line between financial innovation and traditional gambling.[1][2]
Platforms Introduce Proactive Restrictions
Kalshi unveiled screening tools designed to prevent political candidates from trading on their own election outcomes. The company also expanded blocks on sports insiders, including athletes, coaches, and referees, using lists from integrity firm IC360. These steps shift enforcement from reactive probes to upfront barriers.[3]
A whistleblower feature now appears directly in the trading interface for flagging suspicious activity. Kalshi’s enforcement counsel Bobby DeNault noted that the company had developed these measures over months to align with regulatory guidance. A spokesperson emphasized that the updates reinforce commitments to secure trading environments.[1]
Polymarket took a comprehensive approach by revising rules across its decentralized finance platform and U.S. exchange. Users now face explicit prohibitions on trading with confidential information, stolen data, or illegal tips. The platform also targets those positioned to influence events,…
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Author : Matthias Binder
Publish date : 2026-03-24 18:09:00
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