CFTC Probes Former Congressman Adam Kinzinger Over Kalshi Prediction Trades

The Commodity Futures Trading Commission is investigating former Congressman Adam Kinzinger regarding his trading activity on the prediction market platform Kalshi. The probe focuses on contracts related to presidential pardons issued by Joe Biden, specifically whether Kinzinger had insider knowledge or influence over the outcome of the contracts he traded. Kinzinger, who received a preemptive pardon, maintains he followed platform rules and earned a net profit of $823.