Kalshi penalizes three candidates for betting on their own races, bans them for five years
Kalshi fined three candidates for bets on the outcomes of their own elections and suspended them for five years: Moran paid more than $6,200 after refusing a settlement, while Matt Klein and Ezekiel Enriquez faced penalties of over $530 and $780 respectively for their bets on themselves; all three were banned from Kalshi for five years. The company-enforced penalties, not CFTC action, add to bipartisan calls for tighter regulation of prediction markets in U.S. politics.
