The prediction market Kalshi says in regulatory filings that three congressional candidates have been suspended from the platform for betting on their own races.

The prediction market took action against a handful of congressional candidates: Ezekiel Enriquez (a Republican running in Texas); Mark Moran (an Independent in Virginia, who says…

The incidents involved a candidate from Virginia seeking a Senate seat and two men running for House seats from Minnesota and Texas.

The prediction market Kalshi says in regulatory filings that three congressional candidates have been suspended from the platform for betting on their own races.

Penalties come amid calls for greater oversight; company pledges to proactively police 'insider trading' on platforms.

The prediction market has banned Mark Moran, Ezekiel Enriquez, and Matt Klein from using the platform for at least five years.

The prediction market issued fines and five-year bans for political candidates in Minnesota, Virginia and Texas.