Polymarket and Kalshi Announce Enhanced Anti-Fraud Measures During World Cup

BlockBeats News, June 16th - According to The Information, the prediction markets Polymarket and Kalshi announced during the World Cup that they are taking accelerated steps to combat potential fraud rings while continuing to expand the range of tradable event types.

Both companies are incorporating more real-world events into the trading market to increase market participation and liquidity. However, as the trading volume grows, so does fraudulent activity. It is reported that Kalshi's annualized revenue reached around $1.5 billion in May.