Kalshi and Polymarket ban insider trading as senators look to curb prediction markets
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Kalshi and Polymarket announced new insider-trading restrictions to preempt stricter congressional regulation.
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Kalshi and Polymarket, the two largest prediction market platforms, announced new insider-trading restrictions and surveillance tools on Monday in response to bipartisan Senate legislation that threatens to severely restrict the industry. Kalshi will ban political candidates from trading on their own campaigns and will block athletes and sports employees from betting on contracts related to their sport or employer. The moves represent an attempt by the platforms to self-regulate ahead of congressional action, as senators introduced a bill that could substantially curtail the booming prediction-markets sector. Prediction markets have grown rapidly as betting platforms expanding beyond traditional sports wagering into elections and other events, but the regulatory spotlight on potential insider-trading abuses has intensified. By implementing guardrails voluntarily, the platforms appear to be hoping to forestall stricter government controls.
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The two largest prediction market platforms implemented new insider-trading bans and surveillance tools in response to bipartisan Senate legislation threatening to severely restrict the industry.
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PoliticsKalshi and Polymarket place new bans on insider trading as senators move to curb prediction markets - AP News
<a href="https://news.google.com/rss/articles/CBMiwAFBVV95cUxPOUpIVzlFaHRHY0x4S196bU9WSTBhQS13SjZsU0swMk9Pc3RfdklQYlkwdndRTU5oaEtqeVZkRlhXRW1ORDEwcmhOTjJkdmhILTdFcW9IUEpVVVluQXNsZnFUT1BaRV9FMnJQXzRPaFpHaTExUXFVV3RCcWpBaHlXc3FKZUwzSmlaZ2wtUzRRRHFBb0dQRlVld25GdGVLSXJBdVVvSmV5T2xZZDB0M05GRndoWU9tZlNEbXMtc2tIdlI?oc=5" target="_blank">Kalshi and Polymarket place new bans on insider trading as senators move to curb prediction markets</a> <font color="#6f6f6f">AP News</font>
PoliticsBipartisan Senate bill would ban sports betting on online prediction markets
<p>Bill was introduced in the Senate on Monday as prediction market companies face greater scrutiny on state level</p><p>Prediction markets are facing fresh bipartisan scrutiny in the US Senate as companies like Kalshi and Polymarket continue to battle state-led efforts to regulate online betting.</p><p>A bill was introduced in the US Senate Monday that would ban federally regulated platforms from allowing wagers on sporting events, what would be a huge blow to marketplaces where billions of dollars have been traded on major events like the Super Bowl and the NCAA’s March Madness.</p> <a href="https://www.theguardian.com/us-news/2026/mar/23/bipartisan-senate-bill-sports-betting-ban">Continue reading...</a>
CorporateMLB strikes deals with Polymarket, federal watchdog as prediction markets boom
Major League Baseball (MLB) is jumping into the prediction market frenzy with an exclusive business partnership with Polymarket and an agreement with a federal regulator, the league announced Thursday. In a Thursday statement, MLB announced it had struck a deal with Polymarket to make the plaform the league’s “Official Prediction Market Exchange,” and a seperate…
FinanceRising concerns that prediction markets are bypassing state gambling laws
As prediction markets explode in popularity, there are concerns they may bypass state gambling laws. On Tuesday, Arizona's attorney general charged the prediction market Kalshi with operating an illegal gambling operation. A representative from Kalshi said it's not a gambling product, but an exchange overseen by strict Wall Street regulation. Jo Ling Kent reports.
PoliticsExclusive | Lawmakers to Introduce Bipartisan Bill Banning Sports Bets on Prediction Markets - WSJ
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