Suspicious betting activity in Washington is increasing, and regulatory authorities are struggling to keep pace.
Regulators have requested information from prediction market platforms Kalshi and Polymarket.
The requests focus on wagers tied to political events and military operations.
These betting markets allow users to place financial bets on the outcome of real-world events.
Authorities are concerned about the potential for insider trading and market manipulation.
The platforms operate in a regulatory gray area, making oversight difficult.
Officials are working to understand the scope and impact of these emerging betting trends.
