Prediction Markets Face Scrutiny Over Alleged Insider Trading Scandals

Research shows an increase in popularity in prediction markets alongside a corresponding surge in sports betting since it became legal in 2018.
Prediction Markets Face Scrutiny Over Alleged Insider Trading Scandals
An app for Kalshi is shown in Chicago, on Feb. 25, 2026. Scott Olson/Getty Images
|Updated:
0:00

A betting industry that has grown exponentially over the past two years is facing increasing scrutiny over a series of alleged insider trading scandals that have rocked congressional races and recently led to the arrest of a U.S. soldier.

Last week, Gannon Ken Van Dyke was indicted after betting on the mission to capture former Venezuelan leader Nicolás Maduro.

Google LogoMark Us Preferred on Google
Jacob Burg
Jacob Burg
Author
Jacob Burg reports on national politics, aerospace, and aviation for The Epoch Times. He previously covered sports, regional politics, and breaking news for the Sarasota Herald Tribune.