Polymarket and Kalshi Announce Enhanced Anti-Fraud Measures During the World Cup

TechFlow News, June 16: According to The Information, prediction markets Polymarket and Kalshi announced during the World Cup that they are accelerating measures to combat potential fraud rings, while continuously expanding the range of tradable event types. Both companies are incorporating more real-world events into their trading markets to boost market participation and liquidity; however, as trading volumes grow, fraudulent activities have also increased. It is reported that Kalshi’s annualized revenue reached approximately $1.5 billion in May.