Kalshi co-founder asks CFTC to hold Polymarket accountable
Kalshi co-founder and COO Luana Lopes Lara asked the federal government to hold Polymarket's international exchange accountable, escalating competitive tension between the two largest prediction market platforms. The petition, highlighted in a LinkedIn post by Bernstein, asked the Commodity Futures Trading Commission to crack down on offshore exchanges including rival Polymarket. The effort has not yet resulted in regulatory action, according to posts by Bernstein. Kalshi's move seeks regulatory pressure on competitors as the platforms battle for market position. Lopes Lara's intervention marks a direct appeal to federal authorities in the ongoing platform rivalry. The CFTC has not yet acted on the petition.
The petition forces the CFTC to choose between blessing Kalshi's complaint against a designated rival or appearing passive on enforcement at the exact moment Chairman Selig faces Senator Warren's oversight demand and active federal preemption litigation in Rhode Island and Minnesota.