Polymarkets and Kalshi Draw a Line — No More Insider Trading or Manipulation
Polymarket and Kalshi have introduced new policies and technological tools to strictly prohibit insider trading and market manipulation on their platforms.Summary
Prediction market platforms Polymarket and Kalshi have both updated their rules and capabilities to combat insider trading and market manipulation. Polymarket announced enhanced market integrity rules across its DeFi platform and CFTC-regulated US exchange, explicitly banning trading on stolen confidential information, illegally tipped data, or by individuals with influence over an event's outcome. They also banned practices like spoofing and wash trading, and launched pages for rule explanations and reporting suspicious activity. Rival platform Kalshi launched new technological screening tools designed to preemptively block politicians, athletes, and related personnel from trading in relevant politics and sports markets, aligning with recent regulatory guidance. Kalshi also added a whistleblower feature for community reporting. These actions occur amid intensifying regulatory scrutiny of prediction markets, including a proposed bill seeking to ban contracts tied to sporting events.
(Source：BeInCrypto)