Kalshi is investigating bets on Trump’s press secretary pick placed before announcement: WSJ
Three bets totaling about $173 were placed before news outlets reported Zacharia's pick and are expected to pay out roughly $9,600 combined.
Kalshi, a prediction market platform, is investigating suspicious bets related to the selection of President Trump's new White House press secretary. According to The Wall Street Journal, at least three trades were placed on Kalshi's platform shortly before news outlets announced the appointment of Katie Zacharia to the role.
The bets, totaling around $173, were placed before Zacharia's appointment made headlines and are expected to pay out roughly $9,600 combined. One bet of $19 was placed at 10:43 p.m. on Thursday, while bets of $74 and $80 were made at 1:41 p.m. on Friday, with Zacharia's appointment breaking around 2 p.m. ET that same day.
The successful bets have sparked scrutiny due to Zacharia's low likelihood of being named press secretary on the platform leading up to the news, at 1%. This incident draws parallels to a previous case, as reported by TheWrap, where a teleprompter operator, Gabriel Perez, was fired from the White House and later reached a settlement agreement with the Commodity Futures Trading Commission after profiting $100,000 from betting on Trump's speeches.
Brief written by urgent.news from The Block, The Hill, TheWrap — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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