CFTC Probes Adam Kinzinger Over Kalshi Bets on His Own Pardon: Report
- —CFTC is examining trades on a Kalshi account linked to Kinzinger from December 2024 to January 2025
- —One contract covered whether Kinzinger himself would be pardoned; he placed about 25 trades
- —Kinzinger says he made $823 and lost money on most trades
- —Kalshi bars users from betting on contracts in which they are direct participants
Why it matters: The probe adds to CFTC pressure on prediction markets after staff warned exchanges that contracts tied to named individuals should be presumed manipulable.
Source: Decrypt