{"id":7757,"date":"2026-03-24T04:56:37","date_gmt":"2026-03-24T04:56:37","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=7757"},"modified":"2026-03-24T04:56:37","modified_gmt":"2026-03-24T04:56:37","slug":"polymarket-and-kalshi-race-to-self-regulate-as-congress-targets-insider-trading","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=7757","title":{"rendered":"Polymarket and Kalshi Race to Self-Regulate as Congress Targets Insider Trading"},"content":{"rendered":"<p><\/p>\n<div>\n<div id=\"blockquote-block_32760d78525445911c0dbee0184e74db\" class=\"blockquote-container\" style=\"border-color: #5100fc\">\n<div class=\"blockquote-text\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Polymarket and Kalshi both published enhanced insider trading rules on March 23, the same day senators introduced the first bipartisan bill to regulate prediction markets.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">High-profile cases have drawn Congressional and CFTC attention to the sector.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Kalshi has opened 200 investigations in the past year and penalised multiple traders, while Polymarket partnered with Palantir to build surveillance systems and signed a regulatory services agreement with the National Futures Association.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>Prediction market operators Polymarket and Kalshi rolled out new insider trading restrictions on March 23 as Washington moved closer to curbing the sector.<\/p>\n<p>Their policy changes landed hours before Senators Adam Schiff and John Curtis introduced the Prediction Markets Are Gambling Act, a bipartisan bill that would bar CFTC-regulated platforms from listing contracts that resemble sports betting or casino games.\u00a0<\/p>\n<p>The proposal adds to a broader push in Congress to treat parts of the prediction market industry as gambling rather than legitimate financial activity.<\/p>\n<p><strong>Related: Ancient Bitcoin Whales Move Millions as Middle East Tensions Shake Markets<\/strong><\/p>\n<h2 class=\"wp-block-heading\" id=\"h-compliance-push-under-pressure\">Compliance Push Under Pressure<\/h2>\n<p>Both companies are basically trying to show they can police trading before lawmakers or regulators impose stricter limits.<\/p>\n<p>Polymarket rewrote its rules for both its decentralised platform and its CFTC-regulated US exchange. The new language bans trading based on stolen confidential information, illegal tips, or any event where the trader can directly influence the outcome.\u00a0<\/p>\n<p>It also said it will use Palantir-built surveillance tools for sports markets and has hired the National Futures Association to handle trade practice surveillance on its US platform.<\/p>\n<p>Kalshi focused on blocking suspect trades before they happen. Athletes and coaches are now barred from markets tied to their own sport, while political candidates cannot trade on contracts linked to their own campaigns.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-the-cases-that-raised-a-few-eyebrows\">The Cases That Raised A Few Eyebrows<\/h2>\n<p>The tougher stance follows a string of cases that exposed how vulnerable these markets are to non-public information.<\/p>\n<p>In January, a Polymarket account created less than a week earlier placed about US$32,000 (AU$45,760) on Venezuelan leader Nicol\u00e1s Maduro being removed from power shortly before Donald Trump announced a nighttime raid. The trade paid out US$436,759 (AU$624,565).\u00a0<\/p>\n<p>That episode helped drive a House bill from Representative Ritchie Torres focused on integrity risks in financial prediction markets.<\/p>\n<p>In February, Israeli authorities arrested a civilian and a military reservist accused of using classified information to place Polymarket bets.\u00a0<\/p>\n<p>Kalshi separately fined and suspended Beast Industries employee Artem Kaptur over trades tied to non-public knowledge about MrBeast content decisions, imposing a penalty of US$20,397 (AU$29,168) and a two-year ban.<\/p>\n<p><strong>Related: Glassnode Says Bitcoin Enters \u201cOpen Zone\u201d as Rally Signals Fragile Recovery<\/strong><\/p>\n<\/p><\/div>\n<p>Kalshi,Polymarket#Polymarket #Kalshi #Race #SelfRegulate #Congress #Targets #Insider #Trading1774328197<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polymarket and Kalshi both published enhanced insider trading rules on March 23, the same day senators introduced the first bipartisan bill to regulate prediction markets. High-profile cases have drawn Congressional and CFTC attention to the sector. Kalshi has opened 200 investigations in the past year and penalised multiple traders, while Polymarket partnered with Palantir to<\/p>\n","protected":false},"author":1,"featured_media":7758,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[745,407,1384,792,187,3523,564,244],"class_list":{"0":"post-7757","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-congress","9":"tag-insider","10":"tag-kalshi","11":"tag-polymarket","12":"tag-race","13":"tag-selfregulate","14":"tag-targets","15":"tag-trading"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Polymarket and Kalshi Race to Self-Regulate as Congress Targets Insider Trading - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=7757\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Polymarket and Kalshi Race to Self-Regulate as Congress Targets Insider Trading\" \/>\n<meta property=\"og:description\" content=\"Polymarket and Kalshi both published enhanced insider trading rules on March 23, the same day senators introduced the first bipartisan bill to regulate prediction markets. 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