Prediction market Kalshi docks three US candidates for betting on own races
The penalties come amid calls for greater oversight, as the company pledges to proactively police ‘insider trading’ on its platforms.
Predictive market platform Kalshi has punished three unnamed United States political candidates for taking part in “insider trading” by betting on their own campaigns.
In a statement on Wednesday, Kalshi explained that it had taken the enforcement action after launching a new raft of safeguards.
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Concerns had been raised over the lack of regulations in online betting, amid an explosion in popularity for prediction market platforms. The sites allow people to place bets on
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