CFTC Seeks Safeguards for Prediction Market Trading Arms
Regulators examine trading arms at platforms like Kalshi and Polymarket.
Regulators examine trading arms at platforms like Kalshi and Polymarket.
The Information reported that the CFTC wants new safeguards for prediction markets whose affiliated trading firms can take the other side of customers’ bets. The outlet’s article examines why regulators are scrutinizing those trading arms. It notes that fast-growing platforms such as Kalshi and Polymarket are known for consumer apps that let users bet on sports, elections, weather, and stock prices, while also operating additional businesses.
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Regulators examine trading arms at platforms like Kalshi and Polymarket.
The Information reported that the CFTC wants new safeguards for prediction markets whose affiliated trading firms can take the other side of customers’ bets. The outlet’s article examines why regulators are scrutinizing those trading arms. It notes that fast-growing platforms such as Kalshi and Polymarket are known for consumer apps that let users bet on sports, elections, weather, and stock prices, while also operating additional businesses.