Odds favor a Democratic rise in Congress next year, when lawmakers who've begun going after firms such as Kalshi and Polymarket may have greater sway. Prediction markets are having a moment in the U.S., though unfortunately for Polymarket and Kalshi, the moment has drawn more than half a dozen pieces of critical congressional legislation. The industry is getting getting tied to accusations of insider trading and sports-betting violations from various critics even as its close new friend at…
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