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Traders say Karen Bass and Spencer Pratt will advance to runoff in high-profile L.A. mayoral race
Los Angeles voters are heading to the polls Tuesday to elect their next mayor, a race that has put all eyes on the nation's second-largest city. But if no one reaches more than 50% of the vote after all the ballots are counted, the top-two vote getters will head to a November runoff. Traders on prediction market platform Kalshi think the incumbent Mayor Karen Bass and insurgent former reality TV star Spencer Pratt are most likely to advance to the second round.
Kalshi rolls out whistleblower services, employment verification to curb insider trading
Kalshi said Tuesday that it will roll out measures to clamp down on insider trading, including a requirement for traders to provide employment details, as well as offering whistleblower services. The platform said it's making these changes "effective immediately" after an advisory committee called for stronger measures. Traders in certain markets will be asked to submit details on their employment, Kalshi said.
Prediction platform Kalshi to collect job details to combat insider trading
Prediction platform Kalshi to collect job details to combat insider trading Prediction platform says it will seek employment information for markets at ‘heightened’ risk of manipulation. Prediction market company Kalshi has announced a series of measures to prevent insider trading following allegations of market manipulation on the platform and rival sites, including a requirement that some users disclose their employment details. Kalshi, which allows users to bet on future events ranging...
Prediction market Kalshi bets on compliance to address insider trading concerns
Prediction market Kalshi bets on compliance to address insider trading concerns June 9 : Prediction market Kalshi said on Tuesday it will mandate employment disclosures for users trading on sensitive contracts and launch a whistleblower portal, steps aimed at aligning the platform with regulatory expectations for market integrity. The move by Kalshi marks a shift toward building institutional-grade infrastructure, as it seeks to address regulatory risks, including concerns over market...
Individual traders drove Kalshi’s rise. Now, it’s going for Wall Street
Prediction market platform Kalshi processed more than $17 billion in various trading contracts in May, a record amount up more than 2500% from a year ago. But while individuals drove Kalshi's astronomical growth over the past year, the company has focused on a new push in 2026: institutional adoption. Less than a year after trading volumes started marching consistently higher in September, Kalshi — the largest prediction market platform in the U.S. — has made a series of moves in 2026 to...
Kalshi looks to tackle insider trading by asking some users for their employer info
The prediction market platform Kalshi will soon require users to disclose their employer before placing certain trades that involve sensitive information, the company confirmed to NBC News on Tuesday. The new requirement will apply to markets deemed at higher risk for insider trading or market manipulation, according to Kalshi. Markets that could trigger the requirement include those tied to corporate performance, national security and major geopolitical events, including the Iran war.
Polymarket and Kalshi Say Influencer Partners Can’t Deny Election Results, Actually
As the United States heads into an especially contentious midterm election season, prediction markets have already run into trouble with the political commentators they pay to promote their platforms. Both Kalshi and Polymarket have asked influencers to take down “paid partnership” tags on social media posts questioning the results of the Los Angeles mayoral election, the platforms confirmed to WIRED. As conservative former reality television star Spencer Pratt fell to third place behind...
Polymarket closes its first block trade as prediction markets push for Wall Street adoption
Prediction market platform Polymarket has completed its first block trade on an artificial intelligence compute infrastructure-related contract, the company shared exclusively with CNBC. The six-figure transaction was between FalconX, a digital asset brokerage, and Anera Labs, a trading technology startup. FalconX and Anera Labs traded on a contract related to the Ornn Compute Price Index, a benchmark that tracks Nvidia's H100 GPU chip rental pricing.
Odds of a Fed hike this year jump on prediction markets
Chances that the Federal Reserve increases interest rates this year shot up from 25.3% to 52% in the last week on prediction markets platform Kalshi. Those odds come after Friday's report from the Bureau of Labor Statistics revealed nonfarm payrolls hit 172,000, comfortably exceeding Dow Jones expectations of 80,000. A Fed hike before July 2027 also jumped from 54% to 65% in the past week on Kalshi.
Los Angeles Voters Have No Good Option
It’s happening again. In a big American city, a young Indian American democratic socialist is trying to unseat an unpopular Black incumbent on a platform of housing affordability. This time, the arena is not New York City but Los Angeles.