Prediction Platforms Face Criticism Over Centralized Control

Prediction platforms Polymarket and Kalshi, despite utilizing blockchain technology and promoting themselves as decentralized, are criticized for maintaining centralized control over market existence and resolution. According to NS3.AI, instances have been reported where Polymarket removed controversial markets and overrode resolution criteria, relying on the UMA oracle for decisions. Similarly, Kalshi has faced disputes regarding manual settlement decisions. Both platforms are associated with Donald Trump Jr. and are said to have benefited from lenient oversight by the Commodity and Futures Trading Commission during the Trump administration.