Three anonymous bettors each staked less than $100 on a 1-in-100 political long shot — and now stand to collectively collect nearly $9,600. Kalshi, the country's leading federally regulated prediction market, has launched an investigation into whether someone held nonpublic knowledge of Trump's next press secretary before the appointment reached the public.
The episode marks the second time in less than four months that suspiciously timed wagers on Kalshi have shadowed a White House announcement, sharpening a debate over whether government insiders are quietly monetizing privileged access on a platform that surpassed $37.7 billion in monthly trading volume in July alone.
