Kalshi fines, suspends politicians for trading on own elections

Prediction market Kalshi said it had fined and suspended three political candidates for trading on their own races during primary campaigns.

Prediction market Kalshi said Wednesday that it had fined and suspended three political candidates for trading on their own races during primary campaigns.

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“Just like in traditional financial markets, bad actors will try to cheat,” Kalshi said in a statement. “These three cases are an example of how developing proactive engineering solutions can help identify illicit trading activity.”

Kalshi described the actions taken by the politicians as “political insider trading.”