U.S. Is Said to Be Investigating George Santos Over Kalshi Betting

kept by eddie jun 03

Federal investigators are probing former Congressman George Santos for betting on his own State of the Union attendance through Kalshi.

6 Takeaways From the Story of How the Epstein Files Paralyzed the White House
The White House faced internal paralysis as senior officials clashed in crisis meetings over President Trump's refusal to release Epstein-related documents.
also on #scandal, #politics, #us-government
Why Almost Everyone Loses—Except a Few Sharks—on Prediction Markets - WSJ
A WSJ analysis finds a small number of algorithmic traders capture most winnings on Polymarket and Kalshi, while typical users lose money.
also on #gambling, Kalshi, #regulation
Are Prediction Markets Good for Anything?—Asterisk
Despite billions in volume, Polymarket and Kalshi prediction markets produce useful forecasts mainly on high-profile risks, while AI chatbots may soon replace them as the primary source of probabilistic information.
also on #gambling, Kalshi