Key Highlights: U.S. Senator Elizabeth Warren and Senator John Curtis raised bipartisan concerns over insider trading and market manipulation on Kalshi and Polymarket election-related contracts. Platforms face increased federal scrutiny over allegations of candidates wagering on their own campaigns and insiders trading on nonpublic polling data. As Warren prepares to chair the Senate Banking Committee, ...
Key Highlights: A Reuters/Ipsos survey of 4,506 U.S. adults revealed broad bipartisan pushback against election betting, with 69% of Democrats and 61% of Republicans opposing prediction markets on electoral outcomes. Prediction exchange Kalshi recently fined and suspended four congressional candidates for placing wagers on their own races, underscoring ongoing concerns over insider trading and conflicts ...
Key Highlights President Donald Trump’s administration is seeking federal regulatory oversight for prediction markets through the Commodity Futures Trading Commission (CFTC). A coalition of 39 U.S. states and the District of Columbia has opposed federal preemption, stating in an amicus brief that the clash has escalated into a “national turf war” likely requiring Supreme Court ...
Key Highlights A New Taipei court approved regulatory measures enabling Taiwan’s communications watchdog and internet registry to restrict domestic access to Coinbase and prediction platform Kalshi. Taiwan’s Criminal Investigation Bureau sought the intervention over suspected violations of the Public Officials Election and Recall Act to protect election integrity and guard against foreign interference. The access ...
Key Highlights: Representative Don Davis has introduced the “No Betting on Your Own Race Act,” proposing civil penalties of up to $10,000 or triple the net financial gain for candidates trading on their own elections. The legislative push follows a high-profile disciplinary action by prediction exchange Kalshi against Laurie Buckhout, Davis’s Republican challenger, who bet ...