Activist Group Says Kalshi’s Election Market Should Be Shut Due to 'Manipulative' Whales

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That hasn't stopped Better Markets, an activist group that advocates for stricter financial regulations, from citing activity on Polymarket as one reason to stop Kalshi from letting traders make political bets.filed Wednesday supporting the Commodity Futures Trading Commission's appeal of a case the regulator lost to Kalshi, Better Markets noted recent reports about a handful of Polymarket accounts that have made bets worth tens of millions on Donald Trump winning the presidency.

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