Prediction market Kalshi just hit these 3 congressional candidates with suspensions and fines

The candidates face 5-year suspensions from Kalshi.

FILE – The prediction market app Kalshi is displayed on a mobile phone, April 16, 2026, in Chicago. [Photo: Erin Hooley, File/AP Photo]

Three congressional candidates wagered on the outcome of their own elections on Kalshi, according to the prediction market, which said Wednesday that it fined and suspended the men from their platform for five years.It is the latest high-profile case of alleged insider trading on prediction markets including Kalshi and Polymarket, which have brought bipartisan scrutiny from Congress and calls for stricter regulations of the websites where people can put money on just about anything.Kalshi’s disciplinary documents named Mark Moran, who is running as an independent in Virginia’s U.S. Senate race; Ezekiel Enriquez, who ran in a Texas Republican primary for a U.S. House seat; and Matt Klein, a Democratic state senator running for a U.S. House seat in Minnesota.Klein and Enriquez both placed........

© Fast Company