Predictive Markets
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Trump teleprompter operator faces investigation over Kalshi bets on White House statements
A teleprompter operator for Donald Trump, identified as Gabriel Perez, is under federal investigation by the Commodity Futures Trading Commission for allegedly profiting over $90,000 through the predictive market platform Kalshi. Perez reportedly placed contracts on specific words and phrases Trump would use during speeches. Kalshi flagged the trades, leading to an investigation and the freezing of the funds.
Kalshi files for a predictive market product that enables speculation on flight delays at airports
Kalshi has filed for a new predictive market product called "AIRPORTDELAY" with the US Commodity Futures Trading Commission. This product would allow users to purchase contracts speculating on the percentage of flight delays or cancellations at specific airports within a given time period. Kalshi is a prominent platform for speculative markets, having previously partnered with Google Finance and inspired Meta's entry into the space.
Polymarket provides updated rules to address insider trading on its predictive market
Polymarket is updating its Terms of Use to address concerns about insider trading on its predictive market. This comes amid ongoing speculation regarding the federal regulation of such platforms.