Kalshi & United States — White House

Kalshi: Kalshi flagged the suspicious trades and referred them to the CFTC, demonstrating its surveillance capabilities. However, the incident may lead to increased regulatory scrutiny of its prediction markets.

United States — White House: The United States — White House placed Perez on unpaid leave and reiterated strict ethics guidelines. The incident raises questions about internal oversight of staff trading activities.

Kalshi: Kalshi is under investigation and also facing a lawsuit from New York's Attorney General; it argues its operations differ from gambling and is required to continue operating by the CFTC.

United States — White House: The United States — White House warned staff about insider trading in prediction markets, highlighting concerns about market integrity.

Kalshi: Kalshi is another predictions market platform where Donald Trump acts as a strategic advisor, and which has outlined new rules to combat insider trading.

United States — White House: The United States — White House did not respond to the BBC's request for comment on the unusual trading activities and sent an internal email warning staff against using insider information on predictions markets.