Prediction markets Kalshi and Polymarket have introduced new policies to prevent insider trading, including bans on those with influence over outcomes and crackdowns on stolen information. This comes as Senators John Curtis and Adam Schiff proposed legislation to bar these platforms from offering sports and casino-style bets, citing concerns over addictive gambling and regulatory gaps. Kalshi and Polymarket emphasize market integrity, but Kalshi warns the bill could push betting offshore. The debate highlights tensions between federal oversight and state gambling laws as prediction markets grow rapidly in the US.
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