As prediction market platforms like Polymarket and Kalshi battle regulators in court, Senate Democrats are urging the CFTC to avoid weighing in, escalating a broader fight over the burgeoning industry.
Related Posts
US Senate Candidate Caught Insider Trading on Kalshi Says He Did It on Purpose
Mark Moran, an underdog Senate candidate from Virginia, claims he wanted to get caught violating the prediction market platform’s rules.
WIRED Roundup: Satellites Data Leak, Cybertrucks, Politicized Federal Workers
In this episode of Uncanny Valley, we run through the top stories of the week, including security concerns from satellites leaking sensitive data and the experiences of undeterred Cybertruck owners.
New York Bans Government Employees from Insider Trading on Prediction Markets
A new executive order seen by WIRED prohibits New York state employees from using insider knowledge to enrich themselves with prediction market bets.