Insider Trading
Kalshi launches fair markets lobby group amid congressional probe
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Kalshi has unveiled a new advocacy group called Americans for Fair Markets to influence policymakers on prediction markets. The move comes as the US House Oversight Committee launched an investigation into Kalshi and Polymarket over insider trading concerns.
Representative Bryan Steil introduced legislation to prevent members of Congress from wagering on prediction markets tied to public policy issues.
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Kalshi has introduced new rules requiring some users to disclose their employers before trading in high-risk markets. The measures aim to prevent insider trading and market manipulation on the prediction platform.
John Morris, Senior Vice President and Chief Technology Officer of Seagate Technology Holdings PLC, has sold 9,500 shares of the company's stock. The transaction, valued at approximately $950,000, was disclosed in a filing with the U.S. Securities and Exchange Commission on September 17, 2025. This insider sale occurs as Seagate navigates evolving market conditions in the data storage industry.