Matt Klein, a sitting member of the Minnesota State Senate, said he made a bet out of curiosity, while Mark Moran claimed he wanted to see how Kalshi responded to insider trading activity.
Three US political figures—including a sitting state senator and two congressional candidates—have been fined and banned from prediction market Kalshi for betting on their own election races. Mark Moran received the largest penalty at $6,229 plus profit return, while Matt Klein was fined $539 and Ezekiel Enriquez $784. All three received five-year bans. The cases are part of a broader crackdown on insider trading in prediction markets, with platforms like Kalshi and Polymarket implementing stricter controls.
