CNBC: Trump Teleprompter Operator Investigated Over Kalshi Bets on Speech Content
JH Kim
Summary
- CNBC reported that a teleprompter operator for U.S. President Donald Trump is under investigation over allegations that the person placed bets on prediction market platform Kalshi tied to the contents of Trump’s speeches.
- CNBC reported on July 16 that the individual made more than $90,000 in profit from Kalshi trades.
- Kalshi said it detected suspicious trading in contracts tied to words or phrases set to be mentioned in a scheduled Trump speech and froze most of the funds. The case has been referred to the Commodity Futures Trading Commission (CFTC), where the investigation is ongoing.
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A teleprompter operator for U.S. President Donald Trump is being investigated by federal regulators over allegations that the person placed bets on prediction market platform Kalshi tied to the contents of Trump’s speeches.
CNBC reported on July 16 that the individual made more than $90,000 in profit from Kalshi trades.
Kalshi said it detected suspicious trading in contracts tied to words or phrases that were set to be mentioned in a scheduled Trump speech and froze most of the funds.
The case has been referred to the Commodity Futures Trading Commission, and the investigation is ongoing.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.