Prediction market Kalshi docks three US candidates for betting on own races
Al Jazeera·3h ago·Neutral
What Happened
Prediction market platform Kalshi penalized three unnamed US political candidates for betting on their own campaigns, treating it as insider trading. The platform implemented new safeguards and enforcement measures. One candidate paid $539.85 fine and faced five-year suspension. Cases involved Democratic Minnesota primary and Republican Texas primary candidates.
Key Entities
KalshiUS political candidatesMinnesota 2nd congressional districtTexas 21st congressional districtprediction marketsinsider trading