Polymarket adopts new stance to get tougher on insider trading

Polymarket is updating the rules of its platform to crack down on insider trading as the prediction market giant looks to curb scrutiny over market manipulation. Announced Monday, the updated rules outline three distinct categories of insider trading which will be prohibited on the platform. These include trading on stolen confidential information, meaning trading based on confidential information that violates a preexisting obligation; trading on illegal trips, meaning someone who passed down information illegally; and trading by those who can influence the outcome. “Markets thrive on clarity,” Neal Kumar, Chief Legal Officer of Polymarket, said in a press release. “These rule enhancements make our expectations abundantly clear for every participant across both platforms and highlight the compliance infrastructure we have already built.” Prediction markets like Polymarket and Kalshi have exploded in popularity due to the surge in sports betting , but these