Warren and Curtis seek election trading safeguards from Kalshi and Polymarket
TokenPost reports the October 29 letter from Senators Elizabeth Warren and John Curtis asks both platforms how they stop candidates, campaign staff and others with nonpublic information from trading, how many suspected cases they have identified since January 1, and how many were referred to the CFTC or law enforcement, with responses due Tuesday, November 3.
Kalshi and Polymarket face an Election Day deadline to explain their protections against election insider trading. According to TokenPost, Senators Elizabeth Warren and John Curtis requested responses by Tuesday, November 3.
Senators seek safeguards and case counts
The senators’ October 29 letter puts seven questions to both platforms, TokenPost reports. The inquiry asks how they prevent candidates, campaign staff and other people holding nonpublic information from trading.
The letter also seeks the number of suspected cases each platform has identified since January 1, according to TokenPost. That request focuses on what the platforms have detected, alongside the measures they use to prevent prohibited activity.
Referrals are also under scrutiny
Warren and Curtis also ask how many suspected cases were referred to the CFTC or law enforcement, TokenPost reports. The supplied account does not include platform responses or figures for suspected cases and referrals.
What it means for prediction markets
- The November 3 response deadline creates a near-term point to watch for disclosures about election-market safeguards.
- Any reported case counts would need to be distinguished from confirmed violations: the letter asks about suspected activity.
- Referral figures could clarify how often platform monitoring leads to escalation to the CFTC or law enforcement, but no such figures are included in the available reporting.
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