BREAKING: Taiwan just banned Coinbase and Kalshi for hosting election betting markets.
Kalshi's literally running prediction markets on Taipei's mayoral race (Nov 28) and Taiwan's 2028 presidential election.
Taiwan said nope. Blocked both platforms.
This is what happens when prediction markets cross geopolitical red lines. Betting on elections = direct threat to sovereignty in their eyes.
Prediction market bulls need to watch this. Regulatory crackdowns aren't just a US thing anymore. Polymarket dodged a bullet being US-restricted already.
If you're trading election markets, know the risks. Governments will pull the plug without warning.
Kalshi's literally running prediction markets on Taipei's mayoral race (Nov 28) and Taiwan's 2028 presidential election.
Taiwan said nope. Blocked both platforms.
This is what happens when prediction markets cross geopolitical red lines. Betting on elections = direct threat to sovereignty in their eyes.
Prediction market bulls need to watch this. Regulatory crackdowns aren't just a US thing anymore. Polymarket dodged a bullet being US-restricted already.
If you're trading election markets, know the risks. Governments will pull the plug without warning.