ABC Houston: Three Congressional Candidates Busted for Betting on Their Own Elections

ROY: “Prediction markets are facing scrutiny for alleged insider trading on the platforms. Just this week, three former and current congressional candidates were suspended by the prediction market Kalshi for betting on their own races. Observers have noted high-volume wagers placed just before big events, including the airstrike that killed Iran's Ayatollah and the announcement of the U.S. ceasefire with Iran. Both platforms say insider trading won't be tolerated. But now two Republicans in Congress are calling for the Special Operations soldier to be pardoned, one saying unless the Department of Justice plans on going after all the crooks in Congress currently insider trading, this is simply skewed justice.”

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ABC Houston: Three Congressional Candidates Busted for Betting on Their Own Elections‘Just this week, three former and current congressional candidates were suspended by the prediction market Kalshi for betting on their own race’News & Politics,Money & MarketsEXCERPT:ROY: “Prediction markets are facing scrutiny for alleged insider trading on the platforms. Just this week, three former and current congressional candidates were suspended by the prediction market Kalshi for betting on their own races. Observers have noted high-volume wagers placed just before big events, including the airstrike that killed Iran's Ayatollah and the announcement of the U.S. ceasefire with Iran. Both platforms say insider trading won't be tolerated. But now two Republicans in Congress are calling for the Special Operations soldier to be pardoned, one saying unless the Department of Justice plans on going after all the crooks in Congress currently insider trading, this is simply skewed justice.”Video filesFullCompactSort byDateSummaryRelevancePopularityPer page81216Audio filesFullCompactSort byDateSummaryRelevancePopularityPer page81216Recipient e-mailMessage (optional)Preview

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