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‘We’re concerned’: US-based prediction markets taking...
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‘We’re concerned’: US-based prediction markets taking bets on Australian elections and Albanese’s word choices
The Guardian World
Sunday 24 May 2026, 15:00 UTC
By Josh Butler
1 min read
Key Points
US-based prediction markets, such as Polymarket and Kalshi, are increasingly taking bets on Australian elections and even specific word choices made by Prime Minister Anthony Albanese. Regulators and gambling harm advocates are closely monitoring this trend due to the rise in popularity of these platforms. These sites operate financial exchanges where users purchase shares based on the outcome of various events.
Regulators and gambling harm advocates have been closely watching the rise in popularity of Polymarket and Kalshi
US-based “prediction market” websites are taking tens of thousands of dollars in bets on Australian elections and even specific words the prime minister, Anthony Albanese, says in parliament, with gambling harm advocates and the wagering lobby raising alarm.
Australian financial and media regulators said they were monitoring the explosion in popularity of platforms like Kalshi and Polymarket, which operate financial exchanges where users buy “shares” in contracts on the outcome of events.
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Originally published by The Guardian World
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