Prediction markets face a geolocation reckoning as regulators tighten scrutiny worldwide

“The first thing to understand is that geolocation controls are risk management controls, not absolute security controls.” Trevor Horwitz, founder and CISO of TrustNet , neatly sums up the challenge currently facing prediction market platforms such as Polymarket and Kalshi. Regulators around the world have been stepping up scrutiny of event-based trading platforms, as prediction market operators have been put under the spotlight to see whether they’re doing enough to stop people from circumventi