Kalshi and Polymarket process $60 billion in trades amid prediction market misuse concerns
Updated
Updated · The Washington Post · Apr 25
Kalshi and Polymarket process $60 billion in trades amid prediction market misuse concerns
11 articles · Updated · The Washington Post · Apr 25
Trade volume on Kalshi and Polymarket has reached $60 billion so far in 2026, with projections of $1 trillion annually by 2030.
Concerns have arisen over misuse, including cases of insider trading and manipulation, but current laws and agency oversight address many abuses.
Experts argue that private regulation and evolving societal norms, rather than sweeping federal laws, are best suited to manage prediction market risks as the industry rapidly expands.
Are prediction markets the future of forecasting or just a massive, trillion-dollar unregulated casino?
Can corporate policies and self-regulation succeed in policing these markets where government laws may fail?
With federal and state authorities in conflict, what is the ultimate legal future for these platforms?
How can regulators stop insider trading that involves secret military plans instead of corporate secrets?
When users can bet on global conflicts, are we turning real-world crises into a new form of entertainment?