Regulators spotlight Kalshi insider trading cases amid criticism

Federal regulators and prediction-market exchange Kalshi are drawing attention to a pair of insider-trading cases, saying the actions show event-based markets are subject to the same rules as traditional derivatives platforms. The rollout, however, quickly met pushback from a journalist who argued that at least one of the headline examples had already been reported months earlier.

On Wednesday (February 25), the Commodity Futures Trading Commission (CFTC) released an advisory outlining...