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April 22, 2026

Kalshi fines and suspends candidates for betting on their own races

  • Mark Moran, a candidate for Senate, was fined $6,229.30 for multiple trades on his own race, while Matt Klein and Ezekiel Enriquez cooperated with the investigation and received smaller fines.
  • Klein was fined $539.85 and suspended for five years after betting on his primary race, while Enriquez was fined $784.20 for similar violations.
  • Kalshi has introduced new rules banning political candidates from trading on their own campaigns, emphasizing the need for clear regulations in prediction markets.

7 Sources