Everything is gambling now: the latest news on prediction markets like Polymarket and Kalshi
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Someone made over $300,000 betting on Biden pardons.
A Polymarket user with a curiously perfect track record made $316,346 betting on Joe Biden’s last-minute pardons, including the preemptive pardons of his brother Jim, Liz Cheney, Adam Schiff, and Adam Kinzinger. It’s yet another example of potential insider trading on Polymarket. According to NPR:
The trades linked to Biden’s pardons show that individuals could have been profiting from confidential government information before President Trump returned to office, when prescient bets related federal policy and military strikes on sites like Polymarket started to draw intense scrutiny.
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