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Prediction markets under pressure to crack down on rogue bettors and stop insider trading
Kalshi said the candidates were fined and barred for 5 years after betting on their own races, as lawmakers push for tighter oversight.
- Prediction markets are booming but under scrutiny, with cases of people betting on events they may have inside knowledge about .
- Regulators and governments are increasingly concerned about insider trading, manipulation, and lack of transparency, with some states considering stricter rules or bans.
- The fairness of these platforms varies widely—some are regulated and require ID checks, while others allow anonymity—leaving the industry in a volatile, still-developing phase.
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13 Articles
13 Articles
Prediction markets in hot seat over rogue bettors and insider trading
Incidents in which people apparently used exclusive knowledge to score handsome profits raise the question: Are prediction markets safe places for news junkies to bet on events – or dens of insider trading?
·United States
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Coverage Details
Total News Sources13
Leaning Left7Leaning Right1Center4Last UpdatedBias Distribution59% Left
Bias Distribution
- 59% of the sources lean Left
59% Left
L 59%
C 33%
Factuality
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