CFTC is investigating Kinzinger’s Kalshi trades related to Biden pardons
Summary
The Commodity Futures Trading Commission (CFTC) is investigating trades made on the Kalshi prediction market that involved pardons by President Biden. These trades, linked to former Representative Adam Kinzinger, happened between December 2024 and January 2025 and involved bets on whether Kinzinger would get a pardon.Key Facts
- The CFTC is a government agency that oversees futures and options markets.
- The investigation focuses on trades made on Kalshi, a platform where people bet on future events.
- Trades were made about pardons issued by President Biden.
- The account involved was reportedly connected to Adam Kinzinger, a former U.S. Representative from Illinois.
- The trades took place from December 2024 to January 2025.
- The main question is whether Kinzinger would receive a pardon from President Biden.
- The investigation examines if there was any insider information used for trading.
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