US Congressman raises concerns about Kalshi/CNN partnership in public letter

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Congressman Abe Hamadeh has shared issues in regards to the partnership between Kalshi and CNN, highlighting “threats to market integrity, democratic stability, and American nationwide safety”.

Congressman Abe Hamadeh wrote a letter to Performing Chairwoman of the Commodity Futures Buying and selling Fee, Caroline D. Pham, outlining issues centered across the recently announced partnership between Kalshi and CNN. Particularly, Congressman Hamadeh wrote that this partnership “poses direct and foreseeable threats to market integrity, democratic stability, and American nationwide safety” and described it as “not merely inappropriate; it’s outright harmful.”

“CNN can be uniquely positioned to form public notion and information cycles across the very occasions Kalshi lists as tradable markets,” wrote Congressman Hamadeh. “These occasions would contain elections, battle, international coverage crises, and home instability. No different main media outlet has tried such a partnership, and for good motive: it creates a built-in structural battle of curiosity that permits an influential information group or international adversaries to form outcomes for monetary or aggressive benefit.

“I’m not stunned {that a} media entity that has confronted persistent issues relating to accuracy, impartiality, and narrative framing would enable the potential for international governments, home political teams, or adversarial actors to escalate tensions, manipulate narratives, and stress establishments as a way to revenue by means of Kalshi’s event-contract platform.”

Congressman Hamadeh cited Part 5c(c)(5)(C) of the Commodity Trade Act, which requires the CFTC to ban contracts involving battle, gaming, or something opposite to public curiosity, comparable to markets that could possibly be susceptible to manipulation. He argues that the Kalshi–CNN partnership would violate that part, pointing to bets about “whether or not Palestinians in Gaza would undergo mass hunger,” and “when Israel will bomb Gaza, bomb the West Financial institution, or annex both?”

“The scenario is chilling, and I’ve questions,” acknowledged Congressman Hamadeh. “We have to know if the Fee is assessing this partnership to see whether it is creating vulnerabilities for international or home actors to affect U.S politics, economics, or nationwide safety outcomes for monetary revenue.”

Kalshi responds to the claims

Kalshi has publicly responded to Congressman Hamadeh’s claims, writing on X: “With all due respect, you’re accusing Kalshi of issues we don’t do. The markets you record (e.g. “Will Israel strike Gaza”) are on a competitor’s website, not Kalshi’s. And Kalshi guidelines prohibit CNN staff from buying and selling on any contract the place CNN can be a supply of knowledge.”

With all due respect, you're accusing Kalshi of issues we don't do. The markets you record (e.g. "Will Israel strike Gaza") are on a competitor's website, not Kalshi's. And Kalshi guidelines prohibit CNN staff from buying and selling on any contract the place CNN can be a supply of knowledge.

— Kalshi Information (@KalshiNewsroom) December 17, 2025

Certainly, trying to find ‘Israel’ on Kalshi brings up a bunch of associated contracts, however none associated to precise strikes. As an alternative, Kalshi’s markets embrace questions like “will the US halt army support to Israel?”, and “who would be the subsequent new Prime Minister of Israel?”

Congressman Hamadeh has given the Performing Chair 30 days to stipulate the Fee’s evaluation and its meant actions relating to the Kalshi–CNN partnership.

Featured picture: Flickr, licensed beneath CC BY-SA 2.0

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