Common Dreams95%
Public Citizen Once Again Calls Upon the CFTC to Enforce Insider Trading Laws on the Prediction Markets 87%
By Newswire Editor98%
7/16/2026, 8:48:30 PM
BS Summary: This article contains 28 faulty reasoning types, including Negativity Bias, Post Hoc (False Cause), and Hasty Generalization, with Biased Writer Voice as the most egregious example at 40.4% saturation with 110 hits. Analysis detected 1,222 faulty-reasoning hits from 272 analyzed words, generating a BS Score of 79.9% and a BS Rank of 87% (2,319 of 16,722 articles). This article is worse (more manipulative) than 86.10% of the article peer group.
Today, multiple news outlets reported that President Trump’s teleprompter operator has been placing profitable bets on Kalshi regarding the content of Trump’s forthcoming speeches.
Public Citizen has repeatedly appealed to the Commodity Futures Trading Commission, which oversees the prediction markets, to investigate and enforce the laws against insider trading.
On March 5, 2026, Public Citizen filed an insider trading complaint with the CFTC following highly suspicious trades on the timing and developments of the American invasion of Iran.
On April 30, 2026, Public Citizen and Better Markets urged the CFTC to conduct rulemaking on prediction markets trading activity.
Craig Holman, Ph.D., government affairs lobbyist with Public Citizen issued the following statement:
“Betting on political events on the prediction markets has become highly profitable for a small handful of anonymous bettors.
Ever since the American invasion of Venezuela and Iran, a few people have been placing very large bets moments before the events take place, and scoring millions in profits.
The timing and accuracy of these bets strongly suggest insider trading, probably by a few individuals in the know within the Trump administration.
“News just broke that Trump’s teleprompter operator has been placing such bets on the content of Trump’s upcoming speeches.
This is further evidence of illegal insider trading on the prediction markets – an industry that the Commodity Futures Trading Commission has let operate like the Wild West.
“Public Citizen again calls on the CFTC to wake up and do its job of overseeing the prediction market industry and enforcing the insider trading laws.”
Analysis
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