Foreign Influence Clouds U.S. Election Prediction Markets

As U.S. election betting bans lift, concerns rise over foreign money impacting odds on platforms like Polymarket.

Mark Cuban criticizes Polymarket's election odds, citing foreign money and legal restrictions on U.S. participants.
Prediction markets like Polymarket and Kalshi have seen significant betting activity, with billions flowing in post-ban lift.
Kalshi's founder argues against manipulation claims, noting that their platform reflects similar odds to Polymarket.
Concerns persist about the validity of prediction markets as indicators, especially when dominated by non-American bettors.
The Commodity Futures Trading Commission continues to challenge the legality of election betting in the U.S.