US Elections 2024: Better Markets Challenges Kalshi’s Regulation of Prediction Markets

Thursday, 24 October 2024, 18:51

US elections are under scrutiny as Better Markets targets Kalshi's election 2024 market, alleging manipulation by 'whales.' This raises questions about regulations in prediction markets. The claim centers around Polymarket's controversial practices, spotlighting the need for tighter oversight in the sector.
Coindesk
US Elections 2024: Better Markets Challenges Kalshi’s Regulation of Prediction Markets

US Elections 2024: The Manipulation Debate

In the lead-up to the US elections, activist group Better Markets has raised alarms over Kalshi's election 2024 prediction market. They assert that it is vulnerable to influence from large players, dubbed 'whales,' whose actions can skew results. This controversy intensifies as the group leverages incidents from Polymarket to illustrate concerns regarding ethical frameworks in prediction markets.

Regulatory Implications

The use of prediction markets like Kalshi and Polymarket poses critical questions about regulations set forth by the CFTC. As the regulatory landscape evolves, it's essential to understand if current measures are sufficient to prevent potential market manipulation. Investors and regulators are watching closely.

The Need for Scrutiny

  • Perfecting the balance of innovation and oversight is vital.
  • Polling data can be impacted drastically by whale activity.
  • Increased transparency could safeguard against malpractice.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe