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Prediction markets face new scrutiny over youth targeting, wash trading and market integrity
- Prediction markets face new scrutiny over youth targeting, wash trading and market integrity — A new report ties prediction-market growth to financially anxious younger users, citing research estimating 25% of Polymarket's historical volume as wash trading and reporting that up to 90% of Kalshi's bets are sports-related. It also notes Kalshi quietly issued a lifetime ban to former U.S. Rep. George Santos after he wagered on his own State of the Union attendance. (Bonus.com)
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