CFTC is investigating Kinzinger’s Kalshi trades related to Biden pardons

The Commodity Futures Trading Commission (CFTC) launched an investigation into former Rep. Adam Kinzinger (R-Ill.) over Kalshi trades related to pardons issued by former President Biden. The prediction market account — which was allegedly linked to the former lawmaker — made transactions between December 2024 and January 2025 concerning whether Kinzinger would receive a pardon,...

The Commodity Futures Trading Commission (CFTC) launched an investigation into former Rep. Adam Kinzinger (R-Ill.) over Kalshi trades related to pardons issued by former President Biden. The prediction market account — which was allegedly linked to the former lawmaker — made transactions between December 2024 and January 2025 concerning whether Kinzinger would receive a pardon,...