Kalshi and Polymarket tighten rules on influencers spreading election misinformation
Prediction market sites Kalshi and Polymarket are tightening their rules to stop paid influencers from spreading election misinformation.
Kalshi asked influencers to take down certain posts, while Polymarket asked two creators to remove paid-partnership tags from certain posts and warned that sponsorship could be lost.
Influencers risk sponsorship loss amid probes
Breaking these new rules could get influencers dropped from sponsorships.
The move comes as Kalshi faces legal trouble in Arizona for alleged illegal election betting, plus a federal probe into insider trading by former Rep. George Santos.
Adding to the buzz, Donald Trump Jr., who advises both platforms, is in the spotlight since his father and others have been making unfounded claims about election fraud, putting extra heat on these prediction markets.