Congressional Candidates Caught Betting on Their Own Races
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Congressional Candidates Caught Betting on Their Own Races
Kalshi, an online political betting platform, has fined and suspended three congressional candidates who placed bets on their own races, the company announced Wednesday.
The candidates are Mark Moran, an independent running in Virginia’s U.S. Senate race; Texas Republican Ezekiel Enriquez, who ran for a U.S. House seat but lost in March; and Matt Klein, a Democratic state senator running for Congress in Minnesota.
“All three cases concern political insider trading and were flagged because of our newly released safeguards to block political candidates from trading on their own elections,” Kalshi said in a........
