“Three candidates for the US House and Senate were suspended and fined by Kalshi for engaging in “political insider trading,” the prediction market platform announced Wednesday.”

“Kalshi, which allows users to bet on the outcome of future events, identified Democratic Minnesota state Sen. Matt Klein, who is running for the state’s 2nd District seat in Congress; long-shot former Texas Republican congressional candidate Ezekiel Enriquez; and Mark Moran, who is running for US Senate in Virginia as an independent, as having placed wagers to win their respective races.”

“Klein, who had previously co-sponsored a bill to ban prediction markets in Minnesota, admitted he placed a $50 bet on himself winning the congressional primary.”

“Klein agreed to pay Kalshi a fine of $539.85 and he’ll be suspended from the platform for five years.”

“Moran also admitted to having bet on himself – after reading about prediction markets in The Post – but claimed he “wanted to get caught.””

“Enriquez, who received 1.4% of the vote in the GOP primary for Texas’ 21st Congressional District, placed a wager of less than $100 on his own candidacy and was subsequently fined $784 by Kalshi and suspended from the platform for five years after cooperating with the company’s investigation.”