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Mmastodon WorldPolitics first seen 10 h ago, last 49 min ago, peak #1

Kalshi Probes Betting on Trump's Next Press Secretary Pick

Original: Kalshi Probes Bets on Trump's Pick for New White House Press Secretary https://www.wsj.com/finance/regulation/kalshi-pro

Prediction market platform Kalshi is investigating bets placed on who President Trump will name as the next White House press secretary, according to the Wall Street Journal. The probe focuses on whether traders had access to non-public information about the announcement, raising fresh questions about insider trading risks in event-based betting markets around government decisions.

Why now: Concerns that some traders may have profited from insider knowledge of a White House staffing announcement have drawn attention to regulation of prediction markets.

KalshiDonald TrumpWhite House

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