Texas GOP congressional candidate Zeke Enriquez bet on the outcome of his own election on Kalshi, the prediction market said in a press release Wednesday, marking the latest sign of the industry’s newfound prevalence in the state’s politics.
Enriquez, who finished 11th in the Republican primary for Texas’ 21st Congressional District with 1.4% of the vote, traded less than $100 worth of contracts related to his own candidacy, according to Kalshi regulatory documents. Kalshi fined Enriquez $784 and suspended him from the platform for five years after a “full investigation” with which Enriquez was “fully cooperative,” the company said.
Two other political candidates, in Minnesota and Virginia, were also caught trading on their own elections and suspended from the platform, Kalshi said.
