Security · Updated 11 Oct, 03:37 pm IST
Kalshi probes suspicious trades tied to Trump press secretary pick
Why it matters for readers: It matters because small bets made before big news can reveal whether someone had access to information others did not.
- Kalshi has launched an investigation into suspicious trades tied to the selection of Katie Zacharia as White House press secretary, according to the Wall Street Journal.1
- At least three small wagers placed before the announcement — $19, about $74 and about $80 — were set to pay roughly $1,896, $3,689 and $4,023 respectively, the Journal reported.1
- Kalshi had given Zacharia about a 1% chance of securing the role on its market before the announcement.1
- Prediction markets have faced scrutiny for the risk that traders could profit from inside information, and regulators have previously looked into similar cases.1
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