‘Couldn’t agree more’: Kalshi board member addresses demands to regulate prediction markets

Since the start of President Trump's second term, prediction markets have gone from a niche industry to a financial juggernaut. Before the 2024 election, prediction markets like Kalshi and Polymarket had a weekly trading volume around $50 million. HAS GROWN MORE THAN 100-FOLD, WITH 6 BILLION TRADED PER WEEK.BUT AS THE TRAFFIC HAS GROWN, SO HAS THE CONTROVERSY. THE SENATE HAS UNANIMOUSLY VOTED TO BAN ITS MEMBERS AND STAFF FROM PARTICIPATING IN prediction markets amid mounting concerns of insider trading. Tha ...