The inquiry by the Commodity Futures Trading Commission centers on bets the former congressman made on Kalshi in the weeks before he was pardoned in January 2025.
Category: Commodity Futures Trading Commission
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Federal Watchdog Investigates Adam Kinzinger for Kalshi Bets on His Pardon
The New York Times – Business: -
Under Trump, Commodity Futures Trading Commission Scales Back Enforcement, Worrying Farmers
The New York Times – Business:The fate of two cotton brokers highlights how the Commodity Futures Trading Commission has scaled back its regulatory actions not just for crypto cases but also for the kinds of cases it has long policed.
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Native American Tribe Teams Up With Kalshi on New Prediction Market
The New York Times – Business:The Tunica-Biloxi of Louisiana plan to release a platform that uses infrastructure by Kalshi, the industry leader. Other tribes have taken aim at the company.
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How Minnesota Became the Front Line in the Fight Over Prediction Markets
The New York Times – Business:The state was the first to pass a law banning Kalshi and Polymarket. A lawsuit filed by a federal agency may set a precedent on who gets to regulate them.
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Donald Trump Jr.’s Firm Leads $1 Billion Funding Round for Polymarket
The New York Times – Business:The new round values the prediction market at $21 billion, up from $15 billion. Mr. Trump’s firm, 1789 Capital, will invest around $300 million.
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Teleprompter Operator Who Bet on Trump Speeches Is Ordered to Pay Fine
The New York Times – Business:Gabriel Perez had access to the president’s speeches before they were delivered and was accused of placing unlawful wagers on words that would be spoken.
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Prediction Markets Should Be Regulated as Gambling, Appeals Court Says
The New York Times – Business:The outcome contradicted an earlier appeals court decision. Federal regulators said the split rulings called for resolution by the Supreme Court.
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Prediction Markets and States Clashed, Setting Off a Furious Political Battle
The New York Times – Business:A legal dispute over the future of Kalshi, Polymarket and others has drawn in the Trump administration, the president’s son and nearly every state attorney general.
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Trump, Who Has Amassed Enormous Wealth in Crypto, Hosts Industry Leaders
The New York Times – Business:President Trump called on Congress to pass a major cryptocurrency bill that would tilt regulation in the industry’s favor.
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Kalshi Ordered to Cease Most Operations in Washington State
The New York Times – Business:In a preliminary injunction, a state judge barred the prediction market from allowing residents to place bets on the bulk of its offerings.
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Prediction Firms Are Flagging Insider Traders. Many Will Not Face Charges.
The New York Times – Business:The agency that polices the industry does not have the staffing, the legal tools or the will to broadly crack down on wagers that are easily manipulated, experts say.