Federal Regulators Investigate Former Rep. Kinzinger Over Prediction Market Trades
Federal regulators are investigating former Rep. Adam Kinzinger for betting on a prediction platform, Kalshi, about receiving a pardon from President Biden. Kinzinger, a critic of former President Trump, acknowledged making the trades, which involved less than $1,000, but denied…
El Paso, TX, September 30, 2026 —
Federal regulators have launched an investigation into former U.S. Representative Adam Kinzinger concerning his activity on a prediction market platform. The investigation centers on trades made by Kinzinger on Kalshi, a platform where users can bet on the outcomes of future events. Specifically, the trades reportedly involved the possibility of Kinzinger receiving a pardon from President Joe Biden.
Kinzinger, who served as a vocal critic of former President Donald Trump, has acknowledged participating in these trades. He stated that the total value of these trades was less than $1,000. In his defense, Kinzinger has denied possessing any non-public or insider information related to the potential pardon.
The specific federal agency conducting the investigation was not provided in the available information. The details surrounding the exact timeline of the trades and the commencement of the regulatory inquiry were also not explicitly stated. Prediction markets, such as Kalshi, allow individuals to speculate on events, but participation can raise questions about ethics and potential conflicts of interest, especially for former public officials.
Further details regarding the scope of the investigation, the potential implications for Kinzinger, or any specific rules or regulations allegedly violated were not immediately available. The contractor’s name involved in facilitating these trades, beyond the platform Kalshi itself, was not provided. The outcome of the investigation has not yet been determined.
Story summarized from the original created by CNN Newsource on kvia.com, see more information here.
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