TLDR Tech / Fintech
Kalshi cracks down on insider trading as Trump family looks to increase prediction market presence
The federally regulated exchange says its surveillance systems have flagged suspicious bets involving former Congressman George Santos, a White House teleprompter operator, and others, with cases referred to the CFTC. Meanwhile, Trump Media is developing TruthPredict and selling rapid access to Truth Social posts that could move financial markets. Donald Trump Jr. also advises Kalshi and has ties to rival Polymarket, creating an unusually close relationship between the presidency and platforms where political information can be traded.
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