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Campaign staffers making ‘thousands’ betting on their own candidates using insider information, report says

The Independent·Joe Sommerlad·25 days ago
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Campaign staffers are using privileged information about the popularity of their own political candidates to make “thousands” of dollars on betting apps, a practice that has become “commonplace,” according to a report. The recent surge in popularity of gambling apps like Polymarket and Kalshi , which offer “event contracts” on real-world happenings, has caused the question of insider trading to come to the fore this year as suspicious betting patterns arise and regulators struggle to keep pace. In one instance, a U.S. soldier reportedly made $400,000 correctly forecasting the capture of Venezuelan president Nicolas Maduro shortly before it came to pass in early January when U.S. forces swept into Caracas.…

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