Kalshi fined and banned three political candidates for insider trading.

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 he meant to get caught); and Matt Klein (a Democrat in Minnesota) for betting in markets related to their political races. Each was banned from the platform for five years and fined modest amounts ranging from several hundred to several thousand dollars. [Image: https://platform.theverge.com/wp-content/uploads/sites/2/2026/04/Screenshot-2026-04-22-at-4.32.09PM.png?quality=90&strip=all]

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