Kalshi Probes Bets on Trump’s Press Secretary Pick, WSJ Reports
Kalshi’s market on the White House press secretary appointment settled after Katie Zacharia’s selection was reported and then confirmed by President Donald Trump on Oct. 9. The two reports also describe a small set of pre-announcement wagers and note that some withdrawal rules tied to the contract remain unclear.
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Before the appointment was confirmed, the market had Katie Zacharia around 1%, and there were three bets positioned to pay out thousands if they settle successfully. In practice, that means the market allowed small wagers around an event that was still unconfirmed, while the later confirmation marks the point at which the posted pricing no longer reflected the pre-announcement setup.
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