CFTC examines alleged Kalshi wagers tied to Trump statements
Kalshi said its surveillance team referred trades to the CFTC after an internal review and is assisting regulators.
By Sarah Jenkins · Chief Macro Economics Correspondent
· 2 min read
Federal regulators are investigating a teleprompter operator over wagers allegedly placed on Kalshi that were linked to statements by President Donald Trump, CNBC reported. The case puts a prediction-market platform’s market-surveillance controls under scrutiny, though CNBC did not report the size, timing or specific content of the trades.
Kalshi’s head of enforcement, Robert DeNault, said in a statement to CNBC that the company identified the activity through its own compliance process. “Our surveillance team promptly flagged and referred these trades to the [Commodity Futures Trading Commission] after an exchange investigation,” DeNault said.
DeNault also said Kalshi has been cooperating with the regulator. “We have been assisting regulators on this matter and provided evidence we collected, as we do in any referral,” he told CNBC.
The Commodity Futures Trading Commission oversees derivatives markets in the United States. CNBC described Kalshi as a prediction-market platform, where contracts are tied to the occurrence of specified events. The reported investigation concerns alleged bets connected to presidential statements, an area where access to prepared remarks or staging information could draw regulatory attention if it gave a trader an advantage. CNBC did not report that regulators had reached any conclusion.
No additional details were reported on the identity of the operator, the events covered by the bets, the amount wagered or whether any enforcement action has been filed. The matter was described by CNBC as breaking news.
This story draws on original reporting from CNBC.
