As the U.S. midterms loom, prediction markets Kalshi and Polymarket are clamping down on influencers who question election results, WIRED reports.
In a move that highlights the intersection of social media, politics and finance, both companies have demanded that creators remove posts expressing doubt about recent election outcomes. The actions come amid heightened scrutiny of these platforms by lawmakers and regulators concerned over their role in potential market manipulation and insider trading.
The incidents involve conservative figures like Spencer Pratt losing ground to incumbent Karen Bass and city councillor Nithya Raman, with right-wing influencers such as Gunther Eagleman questioning the validity of the race. Kalshi specifically prohibits affiliates from challenging electoral integrity, while Polymarket has also asked creators to remove content suggesting election tampering.
This pushback on influencers is part of a broader trend where prediction markets are increasingly integrated into political discourse. However, as these companies grapple with enforcement, questions arise about the long-term impact on public trust and the role of AI in monitoring influencer behavior.







