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Kalshi operator faces CFTC probe over bets tied to Trump statements
CNBC reports the operator allegedly kept most of the profits, which were more than $90,000, from the trades.
CNBC Markets reports that the U.S. Commodity Futures Trading Commission is investigating allegations involving Kalshi and bets placed on public statements attributed to President Trump.
The report says the trades were linked to the president's remarks and that Kalshi retained most of the profits from those positions.
According to CNBC, the amount of retained profits was more than $90,000 from the alleged trades.
CNBC World, covering the same matter, also frames the probe as a CFTC look into whether the trading activity was improperly connected to presidential statements.