Kalshi and Polymarket prohibit affiliates from spreading election misinformation
Prediction market apps are doubling down on paid content creators denying election results, asking them to remove posts or lose sponsorship
TL;DR
- Kalshi and Polymarket are prohibiting paid creators and affiliates from denying election results.
- Both platforms have taken steps to address creators spreading election misinformation.
- This action is a response to online creators spreading false claims about election integrity, particularly regarding California's elections.
- Kalshi has asked influencers to remove posts containing election misinformation, including a video from commentator David Freeman.
- Polymarket asked creators Benny Johnson and Kangmin Lee to remove paid-partnership tags from posts that contained election denial claims.
- Prediction markets allow users to trade on the outcomes of various events, including elections.
- US politics have become a frequent subject of bets on these prediction markets.
- Federal authorities are investigating George Santos for potential insider trading related to a Kalshi bid.
- Kalshi has previously reprimanded political candidates for trading on their own electoral prospects.
- Arizona's attorney general filed criminal charges against Kalshi for unlawfully allowing bets on elections.
- Donald Trump Jr. is an adviser to both Kalshi and Polymarket.
- Truth Social is developing its own prediction market called Truth Predict.