Senators Warren and Merkley question White House on Kalshi trades

Senators Elizabeth Warren and Ron Merkley have formally questioned the White House over trading activity on the Kalshi prediction market, raising concerns about ethical standards and transparency in government. The inquiry adds regulatory scrutiny for Kalshi, a CFTC-regulated platform whose event contracts have drawn growing attention as a venue for betting on political and economic outcomes. The letter signals that lawmakers are examining whether prediction-market trading tied to government decisions warrants clearer disclosure or conflict-of-interest rules. The outcome could shape how federal agencies and regulators treat event contracts as the market expands beyond crypto-native audiences. What to watch next is the White House's response and whether the inquiry leads to formal hearings or new disclosure requirements for prediction-market participants.