Three congressional candidates are accused of betting on their own elections through the prediction market Kalshi, which fined and suspended the men for five years.
Three congressional candidates wagered on the outcome of their own elections on Kalshi, according to the prediction market, which said Wednesday that it fined and suspended the men from their platform for five years.
It is the latest high-profile case of alleged insider trading on prediction markets including Kalshi and Polymarket, which have brought bipartisan scrutiny from Congress and calls for stricter regulations of the websites where people can put money on just about anything.
Kalshi’s disciplinary documents
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