Kalshi Penalizes Three Candidates for Betting on Own Races
Prediction market operator Kalshi said it fined and suspended three congressional candidates after determining they placed trades tied to their own election contests. The company described the cases as political insider trading and said the incidents were uncovered through recently introduced safeguards designed to stop candidates from wagering on races in which they are directly involved. The actions add to growing scrutiny around prediction markets such as Kalshi and Polymarket, where users can trade on outcomes tied to elections, policy decisions and […] The post Kalshi Penalizes Three Candidates for Betting on Own Races appeared first on World Casino News.
Prediction market operator Kalshi said it fined and suspended three congressional candidates after determining they placed trades tied to their own election contests. The company described the cases as political insider trading and said the incidents were uncovered through recently introduced safeguards designed to stop candidates from wagering on races in which they are directly involved. The actions add to growing scrutiny around prediction markets such as Kalshi and Polymarket, where users can trade on outcomes tied to elections, policy decisions and […]
The post Kalshi Penalizes Three Candidates for Betting on Own Races appeared first on World Casino News.
