Democrat Rips Into Prediction Market on Deportation Numbers: 'Disgusting'
Summary
A Democratic congressman criticized a betting market that allows people to wager on how many immigrants the Trump administration will deport in 2025. The market shows a high chance of mass deportations, while the Department of Homeland Security expressed confidence in high deportation numbers. The congressman called the betting market unethical and asked for it to be shut down.Key Facts
- The Trump administration promised to deport up to 1 million immigrants in the first year of its 2025 term.
- Kalshi, a prediction market, allows users to bet on how many people will be deported.
- The market shows a 96 percent chance that more than 400,000 people will be deported.
- Massachusetts Representative Seth Moulton called the market "disgusting" and wants it closed.
- Moulton has a history of supporting protections for immigrants and is critical of Trump-era immigration policies.
- The Department of Homeland Security told Newsweek to "Hammer the over," signaling it expects high deportation numbers.
- Kalshi is regulated by the Commodity Futures Trading Commission (CFTC) and claims it is legal under federal commodities law.
- Some lawmakers want more regulation on prediction markets around sensitive topics like government actions and immigration.
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