Congressional Inquiry into Market Integrity Representative James Comer, Chairman of the House Committee on Oversight and Accountability, has launched a formal investigation into Kalshi and Polymarket, demanding detailed information on how these platforms mitigate the risk of insider trading. The probe, initiated this week in Washington, D.C., seeks to determine whether current regulatory safeguards are…
The Rise of Event-Based Betting As the 2024 U.S. election cycle intensifies, platforms like Polymarket and Kalshi have emerged as central hubs for political speculation, allowing users to trade shares on outcomes ranging from presidential victories to economic policy shifts. Based in the United States and operating under strict regulatory frameworks, these prediction markets have…
As election cycles intensify and high-stakes forecasting platforms gain mainstream traction, federal regulators and financial analysts are debating the necessity of stricter oversight for prediction markets in the United States. Following recent legal battles and the rapid expansion of platforms like Kalshi and Polymarket, policymakers are now considering whether these entities should be treated as…
