Prediction market platform Kalshi announced Wednesday that it has suspended three congressional candidates and imposed financial penalties after they were caught trading on their own election campaigns in violation of the platform’s rules.
CNBC reports that the three candidates, running for office in Minnesota, Texas, and Virginia, each received five-year suspensions from the prediction market platform for what Kalshi characterized as “political insider trading” activity. The enforcement actions mark the first major disciplinary measures taken under the company’s newly implemented safeguards designed to prevent candidates from wagering on…
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