Ted Cruz: “Prediction markets like polymarket and Kalshee prediction…”

“Fans need to be assured that game rigging is rare and that anyone caught doing it will be punished harshly if not banned forever from the game. They're also grappling with a newcomer to the sports integrity matrix. Prediction markets like polymarket and Kalshee prediction markets have started offering quote event contracts on sporting events, which, for all intents and purposes, are sports bets. Now, of course, there are real and serious questions about the legal propriety. At a minimum, any prediction market that offers event contracts on sports should be expected to join serious efforts to detect and prevent the rigging of sports.” (03:30–03:46)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.