Feds probe 'mention markets' amid White House Kalshi controversy
Exclusive Feds probe 'mention markets' amid White House Kalshi controversy August 13, 202610:06 PM ET Bobby Allyn Federal regulators have opened an inquiry into so-called "mention markets" on prediction market sites, where people bet millions of dollars on what a speaker may or may not utter. In response, Kalshi, the largest prediction market in the U.S., has removed all mention markets from its betting offerings for sports as the Commodity Futures Trading Commission pursues its inquiry, according to one of the people. Technology Kalshi and Polymarket bets on clinical trials criticized as 'ghastly' Sports wagers account for more than 80% of the billions of dollars traded every week on the site, so taking down mention markets for sporting events will significantly cut into the category.
- ▪Exclusive Feds probe 'mention markets' amid White House Kalshi controversy August 13, 202610:06 PM ET Bobby Allyn Federal regulators have opened an inquiry into so-called "mention markets" on prediction market sites, where people bet millio
- ▪In response, Kalshi, the largest prediction market in the U.S., has removed all mention markets from its betting offerings for sports as the Commodity Futures Trading Commission pursues its inquiry, according to one of the people.
- ▪Technology Kalshi and Polymarket bets on clinical trials criticized as 'ghastly' Sports wagers account for more than 80% of the billions of dollars traded every week on the site, so taking down mention markets for sporting events will signi
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| Original publisher | NPR Topics: News |
| Canonical URL | https://www.npr.org/2026/08/13/nx-s1-5930689/cftc-probe-mention-markets-prediction-markets-kalshi |
| Publication time | Thu, 13 Aug 2026 22:06:10 -0400 |
| Retrieval time | 2026-08-14T04:05:58.806Z |
| Last seen | 2026-08-14T04:05:58.806Z |
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Exclusive Feds probe 'mention markets' amid White House Kalshi controversy August 13, 202610:06 PM ET Bobby Allyn Federal regulators have opened an inquiry into so-called "mention markets" on prediction market sites, where people bet millions of dollars on what a speaker may or may not utter. Erin Hooley/AP Photo/Erin Hooley/AP hide caption toggle caption Erin Hooley/AP Photo/Erin Hooley/AP Federal regulators have launched a review of so-called "mention markets" on prediction market sites, where bettors wager millions of dollars on the word choice of everyone from President Trump to soccer sportscasters, according to two people with direct knowledge of the probe who spoke to NPR on the condition of anonymity because they were not authorized to speak publicly.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at NPR Topics: News.
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