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Democratic Senators Elizabeth Warren and Adam Schiff have urged the SEC to investigate Trump Media's Truth API, which sells early access to President Trump's Truth Social posts for up to $100,000 per month. They argue this could constitute insider trading and conflicts of interest, as Trump holds a 41% stake in the company and his past posts have moved markets.
Kalshi, a prediction market platform, is implementing new measures to combat insider trading, including collecting employment data from users in high-risk markets. The move follows a series of allegations and legal cases involving insider trading on Kalshi and rival Polymarket.
President Donald Trump has pardoned former Republican Representative Stephen Buyer, who was serving a 22-month sentence for insider trading. The pardon, signed June 5 and announced June 6, reverses Buyer's conviction for illegal stock trades made after leaving Congress.
A Google engineer has been charged with using inside information to win over $1.2 million from bets on Polymarket. The charges allege he placed $2.75 million in wagers on Google's Year in Search results after accessing confidential data.
