Investigation launched into suspicious bets on new White House press secretary

Kalshi has opened an inquiry into a handful of precisely timed bets that accurately forecast Katie Zacharia's rise to the role of White House press secretary. Analysts traced a $19 bet placed around 10:43 p.m. on Thursday and two subsequent wagers of $74 and $80 on Friday, each expected to yield multi-thousand-dollar profits. When asked, a Kalshi spokesperson said the company could not discuss the investigation.

This case adds to a pattern of regulatory attention on prediction markets, including recent actions against Polymarket and a Commodity Futures Trading Commission probe into unusual crypto-related trades. Authorities are monitoring these platforms for potential market manipulation and other illicit activity.