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The Guardian - US
The Guardian - US
World
Joseph Gedeon in Washington

Prediction site Kalshi fines three US candidates who bet on own elections

Kalshi Mark Moran Matt Klein
a man in a suit poses for a photo with his arms crossed
Mark Moran, a former reality TV contestant, was fined $6,229.30 and handed a five-year ban from the platform. Photograph: Zack DeZon/Bloomberg/Getty Images

Before he announced his Senate candidacy, a political hopeful in Virginia did something not so unusual in this day and age: he logged on to a prediction market exchange and wagered money that he would run. Then he ran. Then he bet on that too.

The candidate and trader was Mark Moran, a former FBoy Island contestant who went viral recently for his campaign launch video. Investigators with Kalshi, the federally regulated prediction market exchange, found he placed two trades on their platform, the first in a market asking which individuals would seek public office in 2026, the second after he formally entered the race.

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