Kalshi takes its first enforcement action against MrBeast affiliates and former gubernatorial candidate

Kalshi Proposes Comprehensive Ban on Athletes and Politicians Participating in Related Market Trading

Crypto Finance reports that on March 24, according to Axios, US prediction market platform Kalshi announced it will upgrade its user access mechanism to proactively block sports-related individuals such as athletes, coaches, and officials from trading in their respective sports, while prohibiting political candidates from trading markets related to their own campaigns. This move aims to address mounting regulatory pressure on insider trading. Polymarket has also introduced new rules that strictly prohibit the use of non-public information.

Regulatory Upgrade Impacts Prediction Markets, Kalshi and Polymarket Strengthen Insider Trading Control Mechanisms

As regulatory pressure from the U.S. Congress increases, prediction market platforms Kalshi and Polymarket are strengthening controls on insider trading and market manipulation, advancing their compliance efforts. Kalshi has introduced new screening mechanisms to prohibit candidates and athletes from participating in related trading; Polymarket has updated its violation definitions and enhanced compliance infrastructure. Against a backdrop of tightening regulation, both platforms maintain market dominance, with future compliance capabilities becoming a key competitive differentiator.

MLB Partners with Polymarket! New Era for Prediction Markets?

Major League Baseball (MLB) announced a partnership with prediction market platform Polymarket to serve as the official prediction market exchange, and jointly established risk control measures to limit high-risk markets. The move aims to ensure game integrity and promote the development of legal prediction markets, while raising concerns about manipulation risks and legal positioning. Supporters believe that through cooperation, clear rules can be established and market transparency can be improved.

New Wallet "propescia" Invests $159,000 Betting on Three Predictions About US-Iran Situation

Gate News reported that on March 24, Lookonchain monitoring showed that a newly created wallet named "propescia" deposited approximately 159,000 USD to place bets on the US-Iran situation in a prediction market. The wallet's betting directions include three items: the US and Iran will not reach a ceasefire agreement before March 31, the US military will not enter Iran before March 31, and the US military will enter Iran before April 30.

Polymarket "Trump will visit China by April 30" probability rises to 23%, up 9% in 24 hours

Gate News: On March 24, the Polymarket event "Trump will visit China before April 30" rebounded to 23% probability, up 9% in 24 hours, with trading volume around 2.628 million USD. Additionally, the event "Trump will visit China before May 31" is currently at 56% probability, and "Trump will visit China before June 3" is currently at 71% probability. Foreign Ministry spokesperson Lin Jian previously responded at a regular press conference regarding "when Trump's visit to China might be rescheduled," stating that both China and the US have maintained communication on issues including the timing of President Trump's visit to China.

Kalshi Blocks Users for Insider Trading, Bipartisan Bill Fires Opening Shot in Prediction Market Regulation Battle

Prediction market platform Kalshi has implemented measures prohibiting political candidates and known sports participants from placing bets on related markets. This move reflects regulatory concerns about insider trading and comes alongside bills proposed by both Democratic and Republican parties attempting to ban event contracts similar to sports betting. Kalshi's CEO has voiced strong opposition to the legislation, characterizing it as an action to protect casino interests. If passed, the bill would impact multiple prediction market platforms, with the core dispute centering on the allocation of regulatory authority.