Kalshi and Polymarket Are Regulated Prediction Market Platforms
· Business · New York Times, CBS Sports
Kalshi and Polymarket are online platforms that allow users to place bets on the outcomes of real-world events, including political elections and economic indicators. These prediction markets have gained significant popularity, drawing billions of dollars in trading volume. While proponents argue they provide valuable data on public sentiment, some US states have moved to ban them due to concerns over gambling and market integrity. The platforms operate under varying regulatory frameworks, with Kalshi recently winning a federal court battle to offer election-related contracts in the US.
Why it matters
These platforms are reshaping how financial speculation interacts with political and social events, creating new legal and ethical debates for regulators in the US and beyond.
Read the original report — New York Times
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