White House · Donald Trump · Wall Street · New York · The Block
Kalshi is investigating bets on Trump’s press secretary pick placed before announcement: WSJ
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Prediction market Kalshi is investigating a series of trades that correctly predicted President Donald Trump would pick conservative commentator Katie Zacharia as his next White House press secretary, The Wall Street Journal reported Friday.
Key facts
- In August, former White House teleprompter operator Gabriel Perez agreed to repay $107,539 in profits and pay a $65,000 civil penalty to settle CFTC charges that he traded Kalshi mention markets
- Two more bets, for about $74 and $80, were placed around 1:41 p.m. on Friday and are expected to pay out $3,689 and $4,023
- George Santos on Aug. 31 over trades tied to his State of the Union attendance and fined him over $71,000
- The New York Times and other outlets began reporting Zacharia's selection around 2 p.m
Summary
A Kalshi spokesperson confirmed the probe to the Journal and declined to comment further. The New York Times and other outlets began reporting Zacharia's selection around 2 p.m. A $19 bet placed around 10:42 p.m. Kalshi traders gave Zacharia about a 1% chance of being named to the post in the days before the reports, according to the Journal.