Kalshi and Polymarket rush to ban insider trading as senators move to curb prediction markets

Kalshi and Polymarket place new bans on insider trading as senators move to curb prediction markets - The Boston Globe

Senators Adam Schiff and John Curtis introduced broad legislation called the “Prediction Markets are Gambling Act” on Monday that would ban prediction markets from creating contracts related to sports.

Polymarket, Kalshi create restrictions for insider trading

Prediction market platforms Polymarket and Kalshi announced new rules for insider trading after criticism from senators.

Prediction market Kalshi reveals new insider trading rules

Prediction market Kalshi revealed new steps aimed at curbing insider trading and market manipulation on its platform.

Prediction markets eye self-regulation

Under pressure from federal and state lawmakers, Kalshi promised to ratchet up scrutiny of athletes and politicians who trade on their own contests. “All markets have bad actors,” a lawyer for the prediction market operator wrote. “We believe that staying ahead of bad actors means developing new technology and policies.”Kalshi and rival Polymarket are racing to police themselves before regulators do it for them. Washington has preferred a hands-…

Kalshi and Polymarket rush to update their policies after realizing that Congress could destroy them

In a statement, a Kalshi spokesperson said the company's new features “further demonstrate our commitment to safe markets.”

Kalshi, Polymarket roll out new insider trading bans

Prediction markets Kalshi and Polymarket are rolling out new insider trading bans, the companies said Monday. Kalshi in its announcement said that it was “launching new technological guardrails that preemptively block politicians, athletes, and other relevant people from trading in certain politics and sports markets.” Kalshi said that it had implemented tools with a goal…