Kalshi Suspends Candidates Who Bet on Their Own Races

Matt Klein/Mark Moran/Zeke Enriquez Three political candidates bet on themselves and lost. Kalshi, an online betting market, said it fined and suspended three Democratic and Republican candidates who bet on their own races as part of a crackdown on political insider trading. “Just like in traditional financial markets, bad actors will try to cheat,” Kalshi’s enforcement and legal counsel Bobby DeNault said in a statement . “Regulated exchanges must constantly evolve and adapt their systems to address insider threats. These three cases are an example of how developing proactive engineering solutions can help identify illicit trading activity.” Read more at The Daily Beast.

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