Gabriel Perez had access to the president’s speeches before they were delivered and was accused of placing unlawful wagers on words that would be spoken.
President Trump at the White House with crypto executives on Wednesday. A onetime crypto skeptic, Mr. Trump embraced the technology on the campaign trail in 2024.
The agency that polices the industry does not have the staffing, the legal tools or the will to broadly crack down on wagers that are easily manipulated, experts say.
Kalshi, a leading prediction market, referred 32 possible insider traders to the Commodity Futures Trading Commission in the three months ending in June.
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