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Wall Street Warns on Prediction Markets | Bitcoin and Crypto News
Description
Wall Street’s on alert as giants like Goldman Sachs and Morgan Stanley crack down on employees trading on prediction platforms like Polymarket and Kalshi, fearing insider trading fueled by nonpublic info—echoing the Google engineer’s $1M scandal and lawmakers’ push to ban public officials from betting on policy. Meanwhile, Polymarket races to expand in the U.S. with margin trading plans, as trading surges ahead of big events like the World Cup—creating a high-stakes dance between regulation, innovation, and market integrity.
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