The US Commodity Futures Trading Commission investigates Adam Kinzinger's trading in Kalshi

The US Commodity Futures Trading Commission is investigating former Republican Congressman Adam Kinzinger's bet on whether he will receive a presidential pardon through the predictive market platform Kalshi. The relevant transactions occurred from December 2024 to January 2025. Adam Kinzinger confirmed his participation in contract transactions involving his own pardon and whether Biden issued a precautionary pardon, and stated that he had conducted approximately 25 transactions, with the majority of them resulting in losses. The related transactions earned a profit of $823, while denying any misconduct or possession of non-public information. (Source: Decrypt)