The US Commodity Futures Trading Commission investigates Kim Singh's bet on pardon contracts in Kalshi

The US Commodity Futures Trading Commission is investigating former Congressman Kim Singh for allegedly betting on whether he will receive a presidential pardon and whether Biden will issue a precautionary pardon on the Kalshi platform. Kim Singh stated that he only made a profit of $823 and denied any wrongdoing. The Kalshi platform prohibits users from betting on contracts they directly participate in, and the US Commodity Futures Trading Commission prohibits the use of significant non-public information. (Source: Politico)