Kalshi probes suspicious trades tied to Trump press secretary pick, WSJ reports

What happened: Kalshi has opened an investigation into suspicious trades tied to the selection of Katie Zacharia as Trump's White House press secretary, the Wall Street Journal reported. Kalshi declined to comment. Key numbers: At least three small wagers were placed before the news. A $19 bet is set to pay $1,896; wagers of about $74 and $80 are expected to pay $3,689 and $4,023. Why it matters: Prediction markets face growing scrutiny over traders profiting from inside information. In July, Trump's teleprompter operator came under CFTC investigation over potential insider trading. Coverage: 4 outlets in 24h

Kalshi has opened an investigation into suspicious trades tied to the selection of Katie Zacharia as Trump's White House press secretary, the Wall Street Journal reported. Kalshi declined to comment.

Prediction markets face growing scrutiny over traders profiting from inside information. In July, Trump's teleprompter operator came under CFTC investigation over potential insider trading.