Campaign staffers profit from insider bets
#InsiderTrading #PoliticalBettingCampaign staffers use privileged polling data to profit "thousands" on betting apps like Polymarket, calling it "almost foolish" not to bet. Regulators struggle to police this "Wild West" practice, as Congress and the White House take limited action. read more
Kalshi bans candidates for betting on own races
#PoliticalBetting #InsiderTradingKalshi suspended three political candidates for five years after they bet on their own races, imposing fines up to $6,229. The prediction market platform called it insider trading enforcement, as Congress considers regulating such political betting. read more
Rubio Tipped as 2028 Front-Runner in Betting Markets
#USElection2028 #PoliticalBettingBetting markets now favor Secretary of State Marco Rubio for the 2028 US presidential election, surpassing VP JD Vance and Gavin Newsom. Despite Rubio's public support for Vance, speculation about his ambitions is growing. read more
Political Betting Boom Sparks Insider Trading Fears
#PoliticalBetting #InsiderTradingPolitical betting markets now handle over $200 million in wagers, focusing on U.S. actions and Trump. Critics fear insider trading and ethical breaches, prompting legislative proposals to ban officials from such speculative gambling. read more