UPDATED SUN 11 OCT · 05:32 UTCLIVE
PolicyMedium

Kalshi Insider Betting Investigation — Prediction Market Integrity

Kalshi is investigating three small bets (~$173 total) placed before news broke of Trump's press secretary pick, when odds were ~1% — raising questions about insider trading on prediction markets.

What we know

@TheBlockCo reports that Kalshi is probing three wagers placed just before multiple outlets reported Trump's selection of Katie Zacharia as White House press secretary. The bets were placed when her odds sat at approximately 1%. While the dollar amounts are tiny, the case could set a meaningful precedent for insider trading enforcement in regulated prediction markets, an increasingly watched space post-election cycle.

Sources

@TheBlockCo

“Kalshi investigating bets on Trump's press secretary pick placed before announcement — WSJ”

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By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.