News
Senators Ask Election Market Companies to Explain Insider Trading Practices
Senators Elizabeth Warren and John Curtis have asked Kalshi and Polymarket to explain how they prevent insider trading and manipulation in election markets. The bipartisan letter, released on November 1, asks the companies to provide written answers by November 3, the day of the midterm elections. The senators cite candidates who bet on their own races and suspected wash trading on Polymarket’s election contracts. The letter details seven questions regarding how the companies stop insiders from trading and how they detect and prevent manipulation.