{"id":73219,"date":"2026-05-28T20:26:53","date_gmt":"2026-05-28T20:26:53","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/kalshi-slams-polymarket-over-alleged-lack-of-compliance-and-kyc\/"},"modified":"2026-05-28T20:26:53","modified_gmt":"2026-05-28T20:26:53","slug":"kalshi-slams-polymarket-over-alleged-lack-of-compliance-and-kyc","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/kalshi-slams-polymarket-over-alleged-lack-of-compliance-and-kyc\/","title":{"rendered":"Kalshi Slams Polymarket Over Alleged Lack of Compliance and KYC"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Josh Stevens denied adding KYC to existing Polymarket services but faces Kalshi pressure to comply next.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">On May 22, James Comer launched a probe into Kalshi and Polymarket over compliance and insider trading data.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">As compliance rules impact the industry, Kalshi and Polymarket both revamped their surveillance system ahead of this year\u2019s Super Bowl.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Kalshi Criticizes Polymarket\u2019s Compliance Policies: \u2018Enough is Enough\u2019<\/h2>\n<p> <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-prediction-markets\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Prediction markets<\/a>, which are now under increased regulatory oversight in the U.S., are refining their compliance policies. Nonetheless, <a href=\"https:\/\/srt.bitcoin.com\/kalshi-may\" target=\"_blank\" rel=\"noopener noreferrer\">Kalshi<\/a> and <a href=\"https:\/\/srt.bitcoin.com\/polymarket-newsart\" target=\"_blank\" rel=\"noopener noreferrer\">Polymarket<\/a>, the top two companies in the market, face this process differently.<\/p>\n<p>Recent reports indicated that Polymarket, which operates under a dual structure, would be gearing up to introduce identity checks on its platform to avoid the use of virtual private networks (VPNs) to sidestep its geofencing restrictions.<\/p>\n<p><\/p>\n<p>The reports <a href=\"https:\/\/news.bitcoin.com\/report-polymarket-pushes-kyc-on-crypto-traders-as-geoblocking-gaps-draw-global-scrutiny\/\">stated<\/a> that users completing this verification would gain access to perks such as direct co-location to reduce trading latency.<\/p>\n<p>Nonetheless, Josh Stevens, VP of Engineering at Polymarket, stressed that these reports were false and that the current verifications would be linked to a new product in testing stages.<\/p>\n<p><strong>\u201cNo KYC is being added to any part of existing polymarket.com with this launch. Once this product is out of beta no KYC will be required to use it,\u201d<\/strong> he <a href=\"https:\/\/x.com\/devjoshstevens\/status\/2059657154093535449?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">explained<\/a>.<\/p>\n<p>Kalshi\u2019s Head of Enforcement, Robert J. DeNault, criticized Stevens\u2019 statements, expressing outrage at the lack of compliance measures from Polymarket\u2019s offshore operation. He stressed that Iranians and Russians were using the platform and that the company had been sending merch to a user in Moscow to recruit more Russian users.<\/p>\n<p><strong>\u201cEnough is enough\u2026 If Polymarket is serious about stopping this, either bring all operations into compliance (which starts with KYC) or shut down the offshore exchange. What exists now is not a safe or fair platform to offer <span>prediction markets<\/span>,\u201d<\/strong> he <a href=\"https:\/\/x.com\/robertjdenault\/status\/2059731945181880589?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">declared<\/a>.<\/p>\n<p>Both Polymarket and Kalshi have been strengthening their compliance operations targeting insider trading operators. Kalshi revamped its anti-insider trading strategy ahead of this year\u2019s Super Bowl, enhancing its active surveillance system, called Poirot, and enrolling top executives to handle these cases.<\/p>\n<p>Polymarket, on the other hand, has implemented a new updated ruleset that typifies several insider trading activities, helping to identify and curb them.<\/p>\n<p>On May 22, Rep. James Comer, Chairman of the House Committee on Oversight and Government Reform, announced a probe into Kalshi and Polymarket, sending letters requesting data on the identification processes applied and insider trading mitigation plans approved.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/enough-is-enough-kalshi-slams-polymarket-over-alleged-lack-of-compliance-and-kyc\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Josh Stevens denied adding KYC to existing Polymarket services but faces Kalshi pressure to comply next. On May 22, James Comer launched a probe into Kalshi and Polymarket over compliance and insider trading data. As compliance rules impact the industry, Kalshi and Polymarket both revamped their [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":73220,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73219"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=73219"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73219\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/73220"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=73219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=73219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=73219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}