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Are Polymarket and Kalshi decentralized?

Polymarket and Kalshi are popular in the cryptocurrency industry, but neither is truly “decentralized” like other projects.

Odds swing wildly as Polymarket bets on Iran’s successor collapse

Polymarket trades about the next supreme leader of Iran illustrate the wild gambles that crypto traders are willing to make.

Kalshi apparently allowed traders to bet on Ali Khamenei’s ousting, racked up $54M in trades, then voided the result when he was killed.

Crypto sleuth ZachXBT suggested that his Axiom investigation may lead to legal proceedings against the alleged insider trading group.

Polymarket quietly sunsetted one of its two de facto subsidies for quants adding liquidity to lure retail ‘taker’ orders.