Bipartisan pair of Senators press Kalshi, Polymarket over election markets
Summary
A bipartisan pair of U.S. senators is pressing prediction-market companies Kalshi and Polymarket about markets tied to the November 2026 midterm elections. The senators raised concerns about insider trading, market manipulation and bets based on material nonpublic information, and requested details about the companies’ efforts to prevent them.Key Facts
- The inquiry concerns prediction markets tied to the November 2026 midterm elections.
- The companies named are Kalshi and Polymarket.
- The senators described their concerns in a letter to the companies.
- The letter asks what the companies do to prevent insider trading.
- The senators also asked about efforts to prevent market manipulation.
- The inquiry covers wagers based on material nonpublic information.
- Sen. Elizabeth Warren, a Democrat from Massachusetts, is one of the senators named in the article.
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