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Kalshi fines three US congressional candidates and bans them for 5 years.

MeNews
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ME News reports, on April 23 (UTC+8), according to Kalshi's disclosure, the prediction market platform Kalshi fined three congressional candidates for betting on their own election results and banned them from accessing the platform for 5 years. The candidates involved include Mark Moran, Matt Klein, and Ezekiel Enriquez. Virginia Senate candidate Mark Moran was fined $6,229 and required to return profits from related market trades; Minnesota House candidate Matt Klein was fined $540; Texas Republican primary candidate Ezekiel Enriquez was fined $784. Mark Moran posted on X platform that he bet approximately $100 on Kalshi to draw attention and reveal potential manipulation and corruption issues on the platform. Matt Klein posted on X platform that he bet out of curiosity, and after learning that it violated the rules, he paid the fine and accepted the ban. Kalshi's legal counsel Bobby DeNault stated that the candidates' actions violated internal trading control rules, and penalties will be imposed regardless of the transaction amount. (Source: ODAILY)
KALSHI-3.32%
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