Kalshi probes suspicious trades tied to Trump press secretary pick, WSJ reports
At least three wagers placed before the announcement could pay out thousands of dollars, according to the Wall Street Journal.
- On Friday, prediction market Kalshi launched an investigation into suspicious trades linked to President Donald Trump's selection of Katie Zacharia as White House press secretary, the Wall Street Journal reported.
- Zacharia, a conservative commentator serving as communications adviser for Trump Media, had been given about a 1 per cent chance of securing the role before Trump formally announced her selection Friday afternoon.
- One trader placed $19 late Thursday, set to return $1,896, while two wagers of about $74 and $80 placed Friday are expected to pay $3,689 and $4,023 respectively.
- Former Trump teleprompter operator Gabriel Perez faced similar scrutiny in July after wagering on presidential speeches; he later paid a $65,000 fine and was placed on unpaid leave.
- Prediction markets face growing scrutiny over potential abuse of nonpublic information, prompting The White House to warn staff against using such data for personal gain.
13 Articles
13 Articles
Kalshi Reviews Bets On Trump’s Pick for Press Secretary
“Prediction market Kalshi has launched an investigation into a series of suspicious trades on their platform about the selection of President Trump’s new White House press secretary,” the Wall Street Journal reports. “The company said it is probing a series of trades on their platform that predicted Trump would select conservative commentator Katie Zacharia to […]
Trump’s long-shot press secretary pick sparks investigation into who knew in advance: WSJ
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 …
Kalshi Investigating Suspicious Bets on Trump’s New White House Press Secretary
Zacharia had been trading at roughly a 1% chance of landing the job in the days before her appointment and was not widely viewed as a leading contender. The post Kalshi Investigating Suspicious Bets on Trump’s New White House Press Secretary first appeared on Mediaite.
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