Could PA insiders profit from political prediction markets?
Ethics experts say the state’s current rules may not cover prediction markets, even as trade volume on political questions has topped $300,000.
5 Articles
5 Articles
Pittsburgh Post-Gazette
The Daily ItemPa. election results, Shapiro’s speeches, and state laws are all prediction market bets. Could this lead to corruption?
Federal officials argue states can’t regulate prediction markets. 44 state attorneys general, including Pa.’s, argue otherwise.
Pa. Election Results, Shapiro’s Speeches and State Laws Are All Prediction Market Bets. Could This Lead to Corruption?
Spotlight PA is an independent, nonpartisan, and nonprofit newsroom producing investigative and public-service journalism that holds power to account and drives positive change in Pennsylvania. Sign up for our free newsletters. HARRISBURG — Who will win Pennsylvania’s race for governor? How many data centers will be proposed here? Which state laws will be enacted this year? That’s just a sample of the political questions that prediction market p…
Could PA insiders profit from political prediction markets?
HARRISBURG — Who will win Pennsylvania’s race for governor? How many data centers will be proposed here? Which state laws will be enacted this year? That’s just a sample of the political questions that prediction market platforms, like Kalshi and Polymarket, allow people to bet on. These platforms, which allow people to wager on the outcomes of a wide range of real-world events, are exploding in popularity. As the midterms approach and these mar…
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