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CFTC Probes Ex-Congressman Adam Kinzinger Over Kalshi Bets on Trump Pardon

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CFTC Probes Ex-Congressman Adam Kinzinger Over Kalshi Bets on Trump Pardon

Here is what the page “CFTC Probes Ex-Congressman Adam Kinzinger Over Kalshi Bets on Trump Pardon” contains. Former Illinois congressman Adam Kinzinger is under investigation by the Commodity Futures Trading Commission (CFTC) for placing bets on the prediction market Kalshi regarding whether President Donald Trump would pardon him. Kinzinger, a vocal Trump critic who served on the January 6 committee, disclosed that he made $823 from the trades. He maintains he had no inside information and checked Kalshi's rules before participating.

The probe raises questions about the legality of politicians wagering on outcomes tied to their own public standing, even on regulated event contracts. Kalshi, a CFTC-regulated exchange, allows users to trade on the likelihood of real-world events, but the involvement of a public figure in a market directly concerning them could test the boundaries of insider trading rules. The full version stays on the original page, which this listing opens directly.

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