ESMA warns of insider trading and manipulation risks in prediction markets
By The Weekly Edge desk ·
Summary
ESMA identified investor protection and market integrity risks in prediction markets, including Polymarket and Kalshi, Online Poker Report reported. Its latest risk report called for ongoing monitoring and flagged insider trading, manipulation and potential harm to retail users. Both companies are pursuing expansion in Europe.
Why it matters
Polymarket and Kalshi’s European expansion accompanies ESMA calls for monitoring insider trading, manipulation and potential retail harm.