The federal agency that regulates prediction markets is investigating President Donald Trump’s longtime teleprompter operator for potential insider trading, according to two sources familiar with the .
By Anirban Sen and Pritam Biswas July 16 (Reuters) - U.
President Donald Trump's longtime teleprompter operator made tens of thousands of dollars by betting on Kalshi what the president would say.
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These platforms, particularly Kalshi and Polymarket, are pretty vulnerable to insider trading and market manipulation by users with close access to power or nonpublic information.
A White House teleprompter operator has been placed on unpaid leave amid a Commodity Futures Trading Commission investigation into insider trading on the prediction market platform Kalshi, White House .
CNBC reached out to 50 companies about what are their trading policies for employees on prediction markets.
Together, these represent a rapidly expanding, complex and opaque world of financial activity that sits outside many of the surveillance systems firms rely on today.
Federal regulators are investigating disgraced former Congressman George Santos for possible insider trading on the prediction market Kalshi, sources familiar with the matter told ABC News.
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Kalshi says it has blocked "dozens" of trades from campaign insiders, but experts say the company's approach leaves lots of potential loopholes.