New York City Council Probes Polymarket, Kalshi Over Marketing Practices In a move that could have significant implications for the burgeoning world of decentralized finance (DeFi), the New York City Council has launched an investigation into Polymarket and Kalshi, two prominent prediction markets, over their marketing practices. The probe, which is being led by the Council's Committee on Consumer Protection, aims to examine whether the companies have been engaging in deceptive or unfair marketing tactics that may be misleading investors. As the popularity of prediction markets continues to grow, regulators are increasingly scrutinizing these platforms to ensure they are operating transparently and in compliance with relevant laws and regulations. The outcome of this investigation could have far-reaching consequences for the DeFi industry as a whole.
New York City Council probes Polymarket, Kalshi over marketing practices Crypto News
