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Polymarket and Kalshi Announce Enhanced Anti-Fraud Measures During the World Cup
BlockBeats News, June 16 — According to The Information, prediction markets Polymarket and Kalshi announced they are accelerating efforts during the World Cup to combat potential fraud rings, while continuously expanding the range of tradable event types.
The two companies are incorporating more real-world events into trading markets to enhance market participation and liquidity, but as trading volume increases, fraudulent activities have also risen. It is reported that Kalshi's annualized revenue reached approximately $1.5 billion as of May.