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Kalshi, Polymarket Tighten Rules on Insider Trading in Event-Based Markets

According to Axios, Kalshi plans to block athletes, coaches, and political candidates from trading on contracts tied to their own events, while Polymarket has added stricter limits on non-public information.

Summary

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Terms & Concepts
  • Prediction markets: Platforms where users trade contracts tied to the outcomes of future events, often in sports, politics, or economics.
  • Non-public information: Material information not available to the wider market that could give a trader an unfair advantage if used in trading.
  • Registration screening: A compliance process used to identify restricted participants before allowing them to access trading or platform services.