Suspicious Betting in Washington Is on the Rise—and Authorities Are Playing Catch-Up
The Surge of Political Prediction Markets Federal regulators, including the Commodity Futures Trading Commission (CFTC), have launched formal inquiries into major prediction market platforms Kalshi and Polymarket this week following a marked increase in suspicious betting activity tied to U.S. political outcomes and sensitive military operations. As high-stakes wagers on election results and geopolitical events…