Mars Finance reported on March 24th, citing Axios, that the US prediction market platform Kalshi announced it will upgrade its user access mechanism, proactively preventing athletes, coaches, officials, and other sports-related individuals from participating in trading related to their respective sports, while also prohibiting political candidates from trading in markets related to their own campaigns. This move aims to address increasing regulatory pressure regarding insider trading. Polymarket has also introduced new rules strictly prohibiting the use of non-public information.
Kalshi plans to completely ban sports figures and politicians from participating in related market transactions.
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