Campaign staffers are using privileged information about the popularity of their own political candidates to make “thousands” of dollars on betting apps, a practice that has become “commonplace,” according to a report.
The recent surge in popularity of gambling apps like Polymarket and Kalshi, which offer “event contracts” on real-world happenings, has caused the question of insider trading to come to the fore this year as suspicious betting patterns arise and regulators struggle to keep pace.
