The CFTC published new guidance on prediction markets today aimed at curbing manipulation risks tied to real-world event contract trading on platforms like Kalshi and Polymarket. This is going to be much easier said than done, and there are many facets to consider. One of the biggest pieces is figuring out how to regulate contracts that can be so easily abused and incentivize manipulation. It's also no secret that insider trading runs rampant in these markets. And then there's the ethical debate. Where should regulators draw the line on what people can wager on? At the end of the day, Polymarket and Kalshi are doing combined volumes of more than $18 billion a month. The train's already in motion Read more: 👇