CFTC monitors prediction markets for manipulation ahead of 2026 US midterms
- —Midterm open interest: $210 million on Kalshi and $40 million on Polymarket
- —The two platforms recorded $59 million in combined notional trading in the week to Oct. 18
- —The CFTC has already sanctioned Gabriel Perez and George Santos with three-year trading bans
- —September guidance calls for contract-specific safeguards on markets tied to individuals' words or actions
Why it matters: Tighter scrutiny could curb listings of contracts on personal events and affect volumes across prediction markets.
Source: crypto.news