Leading prediction market platforms Kalshi and Polymarket have implemented new, stringent policies prohibiting paid affiliates and content creators from spreading election misinformation. Announced this week, the move requires influencers under contract to remove existing posts that deny election results or call into question the integrity of official democratic processes, or face immediate termination of their…
Former U.S. Representative George Santos is currently the subject of a federal inquiry regarding his financial activities on the prediction market platform Kalshi, according to sources familiar with the matter. The investigation follows a referral to federal authorities after Santos allegedly placed wagers on his own attendance at the 2024 State of the Union address….
Prediction markets face intense scrutiny over insider trading and manipulation allegations, fueling a bipartisan push for stricter federal oversight.