BlockBeats news, November 13 - U.S. Senate Democrats have accused Elon Musk's social media platform X of giving special treatment to prediction market platform Polymarket.
"Normally, X allows users to report ads for a variety of reasons. However, when users try to report Polymarket ads through X's standard interface, they are unable to select reporting options." Senators Catherine Cortez Masto of Nevada, Adam Schiff of California, Jacky Rosen of Nevada, and Richard Blumenthal of Connecticut wrote in a letter first disclosed by Semafor. The letter also noted that other types of ads, including those from prediction market platform Kalshi, do not have this problem.
The letter, accompanied by screenshot evidence, stated that X's seemingly unfair differential treatment raises questions about whether it is attempting to give Polymarket an improper competitive advantage, which could further benefit the U.S. President and his family. Donald Trump Jr., the president's eldest son, is both an investor in and an advisor to Polymarket. Neither X nor Polymarket responded to media requests for comment.
