CNBC4/22/2026Politics
Kalshi Suspends Three Congressional Candidates for Trading on Own Elections
Prediction market platform fines candidates from Virginia, Minnesota and Texas for 'political insider trading'
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- Prediction market platform Kalshi suspended and fined three congressional candidates from Virginia, Minnesota and Texas for trading on their own elections.
- Mark Moran received the highest fine of $6,229.30 and a 5-year suspension after trading on his own Virginia Senate campaign twice.
- Matt Klein and Ezekiel Enriquez were fined $539.85 and $784.20 respectively, each receiving 5-year suspensions.
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Prediction market platform Kalshi suspended and fined three congressional candidates from Virginia, Minnesota and Texas for trading on their own elections. Mark Moran received the highest fine of $6,229.30 and a 5-year suspension after trading on his own Virginia Senate campaign twice. Matt Klein and Ezekiel Enriquez were fined $539.85 and $784.20 respectively, each receiving 5-year suspensions. All three violated Kalshi's rules prohibiting political candidates from trading on their own elections.
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This article was originally published by CNBC.
