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Kalshi fined three U.S. congressional candidates and banned them for 5 years.

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ME News: On April 23 (UTC+8), according to Kalshi, the prediction market platform Kalshi fined and banned three congressional candidates for betting on their own election results, prohibiting them from accessing the platform for five years. The candidates involved include Mark Moran, Matt Klein, and Ezekiel Enriquez. Virginia state Senate candidate Mark Moran was fined $6,229 and required to return profits from relevant market trades; Minnesota House of Representatives candidate Matt Klein was fined $540; Texas Republican primary candidate Ezekiel Enriquez was fined $784. Mark Moran posted on X that he bet about $100 on Kalshi to draw attention to potential manipulation and corruption on the platform. Matt Klein posted on X that he bet out of curiosity, and after learning it violated the rules, he paid the fine and accepted the ban. Kalshi legal counsel Bobby DeNault stated that candidate behavior violates internal trading control rules, and penalties will be imposed regardless of the transaction amount. (Source: ODAILY)
KALSHI-3.30%
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