Prediction markets are fueling a new era of political graft

# Plain English Summary Prediction markets like Kalshi—websites where people bet real money on whether specific events will happen—are creating new opportunities for fraud and manipulation, as shown when George Santos' tweets about attending the State of the Union caused betting prices to swing wildly before he suddenly changed his plans. The problem is that public figures can now influence these markets with casual announcements, potentially making money off their followers by moving prices up or down before revealing the truth. This is raising concerns that prediction markets could become a new way for politicians to profit through insider information and manipulation, similar to stock trading scandals.