Episode Details

A White House insider allegedly used secret knowledge of presidential speeches to place high-stakes bets on Kalshi, raking in over $100K—prompting the White House to call it a “disgrace” and Kalshi to report it to regulators. The platform’s new job-disclosure rules may have been violated, and while Kalshi’s lawyers confirmed suspicious trades, they didn’t name the suspect. This scandal underscores the high stakes of insider access—and the consequences when ethics slip.

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