Political risk guru Ian Bremmer has banned Eurasia Group employees from betting on Polymarket, Kalshi, and other prediction markets.
Bremmer’s firm advises institutional investors and sovereign wealth funds, said prediction markets are “corrosive for civil society, probably more dangerous than social media for democracy” and represent a “clear conflict” for anyone pursuing objective analysis on global affairs.
He also said that other US political leaders will be sharing similar thoughts in the coming weeks.
The political pressure is already building from multiple directions. Senators Adam Schiff (D-CA) and John Curtis (R-Utah) introduced bipartisan legislation today targeting prediction market sports betting at the federal level, directly aimed at Kalshi and Polymarket’s U.S. platforms.
Arizona filed criminal charges against Kalshi last week for allegedly operating an unlicensed gambling business.
The Integrity Blitz
Polymarket published enhanced market integrity rules across its DeFi platform and CFTC-regulated U.S. exchange last Thursday.
After a year of insider trading controversies, class action lawsuits, and growing bipartisan
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