Kalshi suspends, fines 3 congressional candidates in 'insider trading' enforcement actions

Source: CNBC

Kalshi suspends, fines 3 congressional candidates in 'insider trading' enforcement actions

Published Wed, Apr 22 2026 4:34 PM EDT
Updated An Hour Ago
Dan Mangan
@_DanMangan
@in/danmangancnbc/

KEY POINTS
* Prediction market platform Kalshi said it suspended and fined three candidates for Congress from Minnesota, Texas and Virginia for "political insider trading" activity on their own campaigns.
* Kalshi said all three "were flagged because of our newly released safeguards to block political candidates from trading on their own elections."
* The candidates are Mark Moran, a former Virginia Democratic primary candidate for Senate who is now running as an independent; Minnesota Democrat Matt Klein, who is running in the primary for that state's 2nd Congressional District; and Ezekiel Enriquez of Texas, who is running in the Republican primary for the state's 21st Congressional District.


A Kalshi advertisement at a bus stop in Washington, D.C., March 19, 2026.
Daniel Heuer | Bloomberg | Getty Images

Prediction market platform Kalshi said Wednesday it had suspended and fined three candidates for Congress — from Minnesota, Texas and Virginia — for "political insider trading" activity on their own campaigns.

Kalshi said in a statement that all three candidates "were flagged because of our newly released safeguards to block political candidates from trading on their own elections."

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Read more: https://www.cnbc.com/amp/2026/04/22/kalshi-insider-trading-congress.html