A teleprompter operator is under investigation by U.S. federal regulators over alleged betting activity on prediction market platform Kalshi tied to the contents of President Donald Trump’s remarks, according to CNBC. Kalshi’s head of enforcement, Robert DeNault, said the platform’s monitoring team quickly flagged the trades after an internal review and referred the matter to the Commodity Futures Trading Commission, or CFTC. DeNault also said Kalshi is assisting the regulatory investigation and has already handed over evidence collected by the platform. The case puts fresh attention on how prediction markets monitor potential misuse of nonpublic information tied to political events and public appearances.
A teleprompter operator is being investigated by U.S. federal regulators over alleged bets placed on prediction market platform Kalshi related to the content of President Donald Trump’s remarks, CNBC reported on July 16.
Robert DeNault, Kalshi’s head of enforcement, said the platform’s monitoring team quickly flagged the trades after conducting an internal investigation and referred the matter to the Commodity Futures Trading Commission, or CFTC. DeNault said Kalshi is cooperating with the regulators’ probe and has submitted the relevant evidence gathered by the platform.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
