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The Independent UK
The Independent UK
Ariana Baio

Prediction market Kalshi suspends three political candidates for betting on their own races

Kalshi Donald Trump
Three political candidates were suspended from Kalshi, the prediction market platform, for five years after betting on their own races - (Reuters)

Kalshi, the popular prediction market website, suspended three political candidates from its platform for trying to place bets on their own races, the company’s legal counsel said Wednesday.

Mark Moran, an independent running for Senate in Virginia, Ezekiel Enriquez, a Republican who lost a congressional race in Texas, and Matt Klein, a Democrat serving in Minnesota’s state legislature who is also running for Congress, are each banned for five years and face financial penalties ranging from $539 to $6,229.

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