World Cup exposes growing global rift over prediction markets (opens original article in a new tab)

Global regulators are intensifying their oversight of prediction markets as they expand, with several countries restricting access to platforms like Kalshi and Polymarket, highlighting the challenge of creating a unified regulatory framework.

• Regulators globally are increasing scrutiny on prediction markets due to their rapid expansion and ambiguity between gambling and financial speculation.
• Countries like Spain, Indonesia, India, and parts of the EU have implemented measures to restrict access to prediction market platforms such as Kalshi and Polymarket.
• Prediction market operators argue their platforms provide valuable information, while critics raise concerns about speculation, insider trading, and ethical issues.