CFTC is investigating Kinzinger’s Kalshi trades related to Biden pardons
The platform is reviewing whether Kinzinger’s wagers broke rules against trading on contracts involving his own pardon, according to Politico.
- The Commodity Futures Trading Commission is examining trades made by former Representative Adam Kinzinger in late 2024 and early 2025 on his own pardon. Kalshi is reportedly conducting its own review of the account activity.
- Kinzinger, a Republican and prominent Trump critic, received a preemptive pardon from President Joe Biden last year. He traded less than $1,000 on two pardon-related Kalshi markets while a private citizen.
- Kinzinger denied engaging in insider trading, stating he followed Kalshi rules and had no advance knowledge of pardons. Screenshots show he wagered $669 and netted $823 on the pardon bets.
- Kalshi recently fined political candidates for betting on their own campaigns, while the CFTC settled cases with a former Trump White House teleprompter operator and former Representative George Santos for improper trades.
- A bipartisan coalition of 44 states urged the CFTC to rein in prediction platforms. Kinzinger himself wrote in November 2025 that such sites are a "corruption time bomb" and a "threat to democracy.
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Federal regulator probing former U.S. Rep. Adam Kinzinger for betting on his own pardon – ABC7 (Chicago) – Wirepoints
Kinzinger traded less than $1,000 on two pardon-related Kalshi markets in late 2024 and early 2025, sources said, and betted that he would get a pardon from Biden. He acknowledged making the trades but said he never had any insider information about the pardons. He was a private citizen at the time of the trades - out of Congress and not running for office.
Kinzinger denies wrongdoing over Kalshi trade and says investigation is '100%' politically motivated
Former U.S. Rep. Adam Kinzinger acknowledged it was “a dumb bet.” But as a private citizen who hadn’t been office for two years and wasn’t seeking office, he stressed repeatedly that it was not illegal.
Adam Kinzinger bet on whether Biden would pardon Adam Kinzinger — now the feds are looking - The Daily Bo Snerdley
BS BULLETIN: Former Rep. Adam Kinzinger acknowledged placing prediction-market trades on whether Joe Biden would issue preemptive pardons — including one specifically on whether Kinzinger himself would receive one. Biden ultimately did pardon Kinzinger and the other members of the Jan. 6 committee before leaving office. The Commodity Futures Trading Commission is now investigating the trades. Kinzinger says he had no inside information and made …
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