Overview
- The Wall Street Journal report Saturday prompted White House lawyers to privately question staff and the Commodity Futures Trading Commission to request records from Polymarket and Kalshi.
- Blockchain researcher Bubblemaps identified three anonymous Polymarket accounts that together made more than $600,000 by correctly betting on an April ceasefire announcement.
- Reporting says Rep. Anna Paulina Luna allegedly told associates in summer 2024 she tipped influencer Rogan O’Handley about Trump’s vice presidential pick, an allegation both deny and for which Luna has filed a complaint with the CFTC.
- Earlier this week ABC News reported the president’s teleprompter operator was suspended after reportedly earning about $100,000 on a prediction market by using speech content available only to staff.
- Platform anonymity and mixed on-chain/off-chain data make it hard to tie wagers to specific people, which could shape the CFTC probe and renew calls for stricter trading rules for officials.