Election contract oversight questions remain unanswered after senators’ disclosure deadline
Senators Elizabeth Warren and John Curtis wrote to both platforms on October 28 asking for counts of suspected insider trading and manipulation cases in election contracts since January 1, 2026, split by cases stopped before a trade, cases found only afterward, and cases referred to the CFTC or law enforcement, with a November 3 deadline. Polymarket told Gaming America it monitors election activity and refers suspicious traders to the Justice Department and the CFTC, but neither company published any of the four numbers.
Kalshi and Polymarket published none of the four insider trading and manipulation figures requested by Senators Elizabeth Warren and John Curtis by the November 3 deadline, according to Gaming America.
The request focused on election contracts, putting the platforms’ ability to identify suspicious activity—and act before trades occur—under scrutiny.
What the senators requested
Warren and Curtis wrote to both platforms on October 28 seeking counts of suspected insider trading and manipulation cases since January 1, 2026, according to Gaming America. They set Election Day, November 3, as the deadline.
The four requested figures covered suspected cases overall, cases stopped before a trade, cases discovered only afterward, and cases referred to the CFTC or law enforcement.
Monitoring claims without published counts
Polymarket told Gaming America that it monitors election activity and refers suspicious traders to the Justice Department and the CFTC. That statement described its oversight practices without supplying the requested numbers.
According to Gaming America, neither company published any of the four figures. The absence of public counts leaves the scale of suspected misconduct and the breakdown of enforcement responses unclear; it does not establish how many cases occurred.
What it means for prediction markets
- Public visibility remains limited: Readers cannot use the requested figures to compare suspected misconduct or enforcement responses at Kalshi and Polymarket.
- Timing matters: The distinction between cases stopped before trading and those detected afterward is central to assessing the platforms’ controls.
- Referral claims remain unquantified: Polymarket described referrals to federal authorities, but no published count accompanied that statement.
Sources & attribution
- Published
- Source
- Gaming America
- Publisher
- The publisher did not list a web address.
- Source URL
- The feed did not publish this story's article address.
Full attribution under the Digital Millennium Copyright Act (DMCA), 17 U.S.C. § 512: this article is an original report by Infiniti Intelligence that summarizes the reporting of the publishers named above, links to their original work, and reproduces no protected expression beyond brief factual reference and in-line attribution (“according to Gaming America”). All rights in the underlying reporting remain with the publishers listed; nothing here implies endorsement by or affiliation with them. Rights holders may request correction, update or removal through the contact address published at infiniti.w3ai.io.
Related
- Second Circuit denies Kalshi and Coinbase injunctions pending appeal in New York and Connecticut cases, iGaming Times reports
- Kalshi projects Jon Ossoff as the winner of the Georgia Senate race at 99 percent, Kalshi News reports
- Democrats holding above 249 House seats priced at 96.8 cents on Kalshi on 914,000 dollars traded in 24 hours, DeFi Rate reports
- Coatue, Balyasny and Millennium back Kalshi in its 1 billion dollar funding round at a 40 billion dollar valuation, AlphaMaven reports
- Georgia Bulldogs lead the college football championship market at 22 percent on Kalshi and Polymarket, up 2 points, Rivo reports
- The First Circuit hears oral argument this morning in Robinhood's Massachusetts prediction-market case, the next appellate test of state power over event contracts