Democrats are reportedly urging the Commodity Futures Trading Commission (CFTC) and an ethics watchdog to address concerns surrounding prediction markets. The sector is currently under heightened scrutiny due to allegations of insider trading. In response to these growing concerns, prominent prediction market platforms Kalshi and Polymarket are reportedly developing and planning to implement new guardrails. These measures aim to mitigate and curb potential incidents of insider trading within their respective platforms, reflecting an industry effort to address regulatory and ethical challenges.

Democrats are reportedly urging the Commodity Futures Trading Commission (CFTC) and an ethics watchdog to address concerns surrounding prediction markets. The sector is currently under heightened scrutiny due to allegations of insider trading. In response to these growing concerns, prominent prediction market platforms Kalshi and Polymarket are reportedly developing and planning to implement new guardrails. These measures aim to mitigate and curb potential incidents of insider trading within their respective platforms, reflecting an industry effort to address regulatory and ethical challenges.