Kalshi penalizes three US congressional candidates for wagering on own campaigns
Prediction market platform Kalshi has fined and banned three congressional candidates for placing bets on the outcomes of their own political races.Summary
The prediction market platform Kalshi has penalized three U.S. congressional candidates—Mark Moran, Matt Klein, and Ezekiel Enriquez—for violating insider trading controls by wagering on their own electoral campaigns. The candidates received fines ranging from $540 to over $6,000 and were barred from the platform for five years. While some candidates claimed their actions were driven by curiosity or protest against potential market corruption, Kalshi’s legal counsel emphasized that any trade by a candidate influencing a market outcome violates platform rules regardless of the trade's size. This enforcement action occurs as prediction platforms face increasing pressure from U.S. lawmakers to implement stricter safeguards against market abuse.
(Source：The Block)