this post was submitted on 22 Apr 2026
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politics

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top 16 comments
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[–] resipsaloquitur@lemmy.cafe 6 points 17 hours ago

Now do the rest of them.

[–] quick_snail@feddit.nl 14 points 22 hours ago (1 children)

That's actually brilliant to bet against yourself.

If you loose the election, you win $$.

If you win the election, you loose some $$ short term, but then get it back with all the envelops of cash and future inside trading.

[–] Gonzako@lemmy.world 10 points 18 hours ago (1 children)

Basically insurance without the greedy CEOs

[–] parson0@startrek.website 8 points 18 hours ago (1 children)

Just the fine, upstanding folks at Kashi or Polymarket

[–] Gonzako@lemmy.world 3 points 18 hours ago

Yeah, gods of the "Machine of truth"

[–] GuyFawkesV@lemmy.world 26 points 1 day ago (1 children)

Great; now out and suspend those close to Trump that keep pulling this shit.

[–] mrunicornman@lemmy.world 7 points 19 hours ago

For those who don't know, Trump Jr. is an official advisor to Kalshi.

[–] favoredponcho@lemmy.zip 13 points 1 day ago

Well, at least they were brought to justice.

[–] Almacca@aussie.zone 10 points 1 day ago* (last edited 18 hours ago)

Calling it a 'prediction' market doesn't make it any less a gambling site at best, and a vehicle for insider trading at worst. They need to be made illegal.

(Edit to fix typos)

One of the other traders was Virginia independent Mark Moran, who is running for Senate. Kalshi said Moran bet in October that he would announce a political run, and then publicly launched his campaign in January.

In an interview with CNN, Moran said the trades were a stunt so that a “longshot” candidate like himself could draw attention to “illegal gambling” happening on prediction sites.

Yeah I support this guy's use. Really, it's the system that is the problem; not the individual politicians. Besides, the President of the USA has done far worse.

[–] dhork@lemmy.world 17 points 1 day ago (1 children)

Pete Rose may be gone, but his spirit lives on

[–] Danarchy@lemmy.nz 2 points 18 hours ago

Pete rose

.. to power

[–] KairuByte@lemmy.dbzer0.com 5 points 1 day ago

The only time I’d be okay with this is if they are betting in a way that they can’t directly influence.

Bet you lose? Not okay. Bet you do something on a date, or at all? Not okay. Bet you win? That seems fine to me.

[–] billwashere@lemmy.world 2 points 1 day ago

3… just 3

[–] TipRing@lemmy.world 1 points 1 day ago (1 children)

Is Kalshi the one whose CEO says he doesn't read (or can't read)?

[–] eletes@sh.itjust.works -1 points 1 day ago

No that's the Governor of California /s