Prediction market Kalshi has taken action against three political candidates, alleging that each was engaged with insider trading of information about their campaigns. The company implemented new rules last month aimed at preventing politicians and athletes from placing bets on events they can control, and it said those guardrails helped to flag this trio of cases.
The three candidates are Mark Moran of Virginia, Matt Klein of Minnesota and Ezekiel Enriquez of Texas. Kalshi reached settlements with Klein and Enriquez, both of whom cooperated in the platform’s investigations. Each will face a fine of less than $1,000 and suspensions of up to five years. Moran’s case has resulted in a
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