The odds that the White House will release any of the Epstein files spiked above 50% this week, with gamblers putting $5 million so far on the question.
Kalshi, a site that allows people to make a wager on the outcome of almost any event, saw the number of people betting “yes” on the question skyrocket Wednesday — after news broke that the US Department of Justice told President Trump back in May that his name appeared in the controversial documents.
“We have seen dramatic activity in the Epstein files market,” Jack Such, head of media at Kalshi, told The Post.
The odds jumped Friday to 60%, after news broke Ghislaine Maxwell gave the DOJ info about “100 different people” linked to the sex offender.
The largest trade was $3,000 when the odds were just 21% – if Trump releases the files, the gambler will walk away with close to $15,000, Such said.
Kalshi’s won’t pay out unless the files contain genuinely new, previously unreleased material — not just a rehash of what’s already public.
“Prediction markets are the most accurate tool available to predict future political events,” said Such, who claimed “Kalshi routinely outperforms polls, expert opinion and other forms of prediction.”
Just two weeks ago, the odds that any new files related to the late pedophile would be released was priced at 13%.
Prediction markets were among the few prognosticators to correctly call Zohran Mamdani’s June Democratic primary victory in the NYC mayoral race.
Rank-and-file lawmakers are pushing House Speaker Mike Johnson (R-La.) to hold a vote to compel the release of the documents, once the House of Representatives returns from its summer recess Sept. 2.
Johnson sent lawmakers home early Monday, arguing Congress needs to give the Trump administration “space” to handle the hot-button issue on its own.
A House Oversight subcommittee voted 8-2 Wednesday to subpoena the DOJ for the Epstein files, with Reps. Nancy Mace (R-NC), Scott Perry (R-PA), and Brian Jack (R-GA) crossing party lines to back Democrats.
Meanwhile a top Justice Department official met with Maxwell Thursday and Friday in Florida, as the GOP-led House Oversight Committee subpoenaed the convicted madam for testimony, with a deposition tentatively set for Aug. 11.
