CFTC Investigates Former Congressman Kinzinger's Bet on Presidential Pardon Trades

The U.S. Commodity Futures Trading Commission (CFTC) is investigating former U.S. Republican Congressman Adam Kinzinger's trades on the prediction market platform Kalshi, which involve whether he can receive a presidential pardon. These trades occurred between December 2024 and January 2025. Kinzinger confirmed that he participated in contract trades related to his pardon and whether Biden would issue a preemptive pardon, stating that he made about 25 trades, with the majority resulting in losses, and that the related trades yielded a profit of $823. He denied any wrongdoing and stated that he did not possess non-public information.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.