Oh, you think the government will regulate Kalshi and Polymarket? Wanna bet? Oh, you think the government will regulate Kalshi and Polymarket? Wanna bet?
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The Commodity Futures Trading Commission has a problem: It’s not very good at policing insider trading. And insider trading has become a pressing concern for prediction markets. Even Kalshi’s recently publicized fines for insider trading — levied against a politician and an employee of YouTube influencer MrBeast — were effectively self-policing. The exchange says it’s opened 200 investigations, frozen some accounts, and had a dozen of its investigations turn into active cases. In response to
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