All posts tagged "Kalshi"

The prediction market Kalshi is examining some strangely well-timed wagers that anticipated President Donald Trump's selection of Katie Zacharia as White House press secretary, according to the Wall Street Journal.

A Kalshi spokeswoman said the company is looking into the trades but wouldn't say more. Zacharia, a conservative media commentator who spent a short stint at the Department of Homeland Security, hadn't been seen as a top contender. In the days before the news, Kalshi gave her roughly a 1 percent chance.

News outlets began reporting her pick around 2 p.m. Friday, and Trump confirmed it on his Truth Social platform. "I am confident that Katie will deliver strong results for our Country," the president wrote....

Federal regulators are probing former Rep. Adam Kinzinger (R-IL), a vocal critic of President Donald Trump, over bets he placed on his pardon.

Citing three people familiar with the matter, Politico reported on Tuesday that the Commodity Futures Trading Commission has been examining trades made in December 2024 and January 2025 by a Kalshi account tied to the Illinois Republican. Kalshi, a prediction market platform that says it monitors for insider trading on political events, is reportedly conducting its own review of the activity.

Kinzinger was among the members of the House committee that investigated the January 6, 2021, Capitol attack who received preemptive pardons from former President Joe Biden in the final hours of his term. Trump had previously called for the panel's members to be jailed....

The online gambling platform Kalshi publicly condemned Wisconsin election officials for simply reminding voters that it is illegal under state law to wager on elections they are voting in.

In a statement, Meagan Wolfe of the Wisconsin Elections Commission issued a warning.

"We want voters to understand that they cannot legally make a bet on an election and cast a ballot in that same election," Wolfe said. "We are not able to police someone placing a bet on these platforms, but it's important for voters to understand the consequences if they bet on an election outcome."...