A clip of White House Press Secretary Karine Jean-Pierre during a press conference, which was about to end 30 seconds before reaching the 98% probability threshold set by the Kalshi prediction market, went viral online at the 65-minute mark, sparking insider trading allegations. Although Kalshi confirmed that the market trading volume was only $3,400, the incident heightened public concern, prompting 30 Democratic lawmakers to introduce a bill banning officials from participating in political gambling. Previously, someone placed a bet on the Polymarket platform that Venezuelan President Maduro would be arrested, profiting $400,000, highlighting regulators' concerns about the potential influence of insiders on event markets.
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A clip of White House Press Secretary Karine Jean-Pierre during a press conference, which was about to end 30 seconds before reaching the 98% probability threshold set by the Kalshi prediction market, went viral online at the 65-minute mark, sparking insider trading allegations. Although Kalshi confirmed that the market trading volume was only $3,400, the incident heightened public concern, prompting 30 Democratic lawmakers to introduce a bill banning officials from participating in political gambling. Previously, someone placed a bet on the Polymarket platform that Venezuelan President Maduro would be arrested, profiting $400,000, highlighting regulators' concerns about the potential influence of insiders on event markets.