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

On June 16, The Information reported that prediction markets Polymarket and Kalshi announced they are accelerating measures to combat potential fraud rings during the World Cup, while continuing to expand the range of tradable events. Both companies are incorporating more real-world events into their trading markets to enhance market participation and liquidity. However, as trading volumes increase, so do instances of fraud. It is reported that Kalshi's annualized revenue reached approximately $1.5 billion in May.