Congressman Abe Hamadeh has called on federal regulators to review the partnership between news broadcaster CNN and prediction market platform Kalshi, warning that the deal posed risks to market integrity and even national security.
In a letter to Commodity Futures Trading Commission Acting Chairwoman Caroline D. Pham, Hamadeh requested details on how the regulator is reviewing the partnership between Kalshi and CNN.
He argued that the arrangement creates a conflict of interest as it allows a major news organization to potentially profit from geopolitical events.
“CNN would be uniquely positioned to shape public perception and news cycles around the very events Kalshi lists as tradable markets,” Hamadeh explained.
