Minnesota State Senator Banned by Kalshi for Self-Bet in 2nd District Race
State Sen. Matt Klein (DFL) was suspended for five years and fined $539.85 by Kalshi after the platform found he bet on the outcome of his own 2nd District race; Klein says the $50 bet was a curiosity and he regrets it, while Kalshi frames the action as part of a broader crackdown on political insider trading and Minnesota lawmakers’ efforts to ban prediction markets.