EU Regulator Says Prediction Markets Are 'Rife With Inside Trading'
60-second summary
EU regulator ESMA declares prediction‑market platforms Kalshi and Polymarket “rife with insider trading,” questioning why they block access in some EU states while allowing it elsewhere and noting users bypass restrictions with VPNs. The regulator’s warning highlights compliance gaps, prompting tighter oversight that could curb platform growth and pressure market liquidity across Europe.
ESMA also asks why Kalshi and Polymarket block some EU countries but not others, and notes VPNs get around the blocks.