Senators Warren, Curtis Press Kalshi and Polymarket on Election Insider Trading

Sens. Elizabeth Warren and John Curtis have asked Kalshi and Polymarket to explain how they keep insiders out of election markets, giving the companies until Nov. 3, Election Day, to answer seven questions. The bipartisan letter cites candidates who bet on their own races and suspected wash trading on Polymarket’s election contracts. Sen. Elizabeth Warren, D-Mass., the ranking member of the Senate Banking Committee, and Sen. John Curtis, R-Utah, wrote to Kalshi CEO Tarek Mansour and Polymarket CEO Shayne Coplan in a letter dated Wednesday and released Thursday, asking how the companies stop insider trading and manipulation in election markets . They want written answers by Nov. 3, the day of the midterm elections.

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