Kalshi Suspends Three Politicians for Betting on Own Elections
The prediction market platform Kalshi has suspended three US political candidates for placing bets on their own election races. This action raises ethical questions about politicians profiting from their own campaigns.
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Prediction market Kalshi suspends three political candidates for betting on their own races
Kalshi’s enforcement and legal counsel said two of the financial penalties were settlements, while one was disciplinary action
By Ariana Baio
Read full article →Kalshi Bans 3 US Politicians For Betting On Their Own Election Races
Kalshi Bans 3 US Politicians For Betting On Their Own Election Races Authored by Stephen Katte via CoinTelegraph.com, Two US congressional candidates and one sitting lawmaker have received fines and bans from Kalshi after they were found betting on the outcomes of their election races, as prediction market platforms crack down on insider trading. Matt Klein, a sitting member of the Minnesota State Senate, was fined $539 for betting on his primary race in his bid for the US Ho...
By Tyler Durden
Read full article →Coverage Timeline
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