Federal Regulators Investigate Adam Kinzinger Over Kalshi Trades Regarding Presidential Pardon

Idaho Falls Pocatello, ID, September 30, 2026 —

Federal regulators have opened an investigation into former Republican Representative Adam Kinzinger. The inquiry centers on trades made by Kinzinger on the prediction market platform Kalshi. These trades are reportedly linked to a pardon he received from President Joe Biden.

Kinzinger has publicly acknowledged participating in the trades. He stated that the total value of these transactions was less than $1,000. Despite admitting to the trades, Kinzinger has denied possessing or acting upon any insider information related to the pardon.

The specific federal agency conducting the investigation was not disclosed in the information available. The nature of the trades and the specific predictions being made on Kalshi concerning the pardon are also not detailed. Kalshi operates as a regulated exchange where users can trade contracts based on the outcome of future events.

The investigation aims to determine whether Kinzinger’s trading activities on the platform violated any regulations, particularly concerning the use of non-public information. The amount involved, stated as less than $1,000, is a component of the trades under review. Kinzinger previously served as a U.S. Representative for Illinois’s 16th congressional district and was a vocal critic of former President Donald Trump. He has not held public office since January 2023.

Further details regarding the scope of the investigation, the timeline of the trades, and the specific regulations in question have not been made public. The outcome of the regulatory review remains pending.

Story summarized from the original created by CNN Newsource on localnews8.com, see more information here.

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