Texas GOP hopeful penalized after betting on his own election on Kalshi
TL;DR Summary
Texas 21st District GOP candidate Zeke Enriquez bet under $100 on his own race via Kalshi, was fined $784 and suspended for five years; Kalshi referred the case to the CFTC, with similar actions taken against candidates in Minnesota and Virginia, highlighting increasing scrutiny of prediction markets as the 2026 elections approach.
- Texas Republican candidate suspended by Kalshi for betting on his own election The Texas Tribune
- Enforcement update: Kalshi continues crackdown on political insider trading Kalshi
- Kalshi suspends, fines 3 congressional candidates in 'insider trading' enforcement actions CNBC
- Prediction market Kalshi docks three US candidates for betting on own races Al Jazeera
- Congressional candidate and state Sen. Matt Klein apologizes for prediction market wager MPR News
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