Kalshi Bans And Fines Three Politicians For Placing Bets On Their Own Races

Kalshi caught and suspended three political candidates who bet on the outcomes of their own elections, the prediction market company said in a statement on Wednesday, fining the three politicians and issuing five-year bans from their platform. Minnesota State Senator Matt Klein, a candidate running for the Democratic nomination for Minnesota’s second district in the House of Representatives, agreed to pay a $539.85 fine. Ezekiel Enriquez, a former candidate for the Republican primary for a congressional district in Texas, was fined $784.20. Enriquez lost this race after the primary elections in March. Both Klein and Enriquez bought less than $100 worth of contracts on their own elections, according to Kalshi’s filings, and both were also issued five-year suspensions. Learn more about your ad choices. Visit megaphone.fm/adchoices