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Kalshi investigates California governor candidate’s $98.76 election wager

Regulation

Kalshi said its compliance and surveillance teams are reviewing Republican California governor candidate Kyle Langford’s wager on his 2026 election prospects. Langford said on X that he bought $98.76 in contracts; Kalshi showed a 6% chance of victory and a potential $405 payout at the time. The company said it does not comment publicly on ongoing investigations.

Kalshi’s review concerns a candidate trading on a market tied to his own election campaign.

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Alabama-Quassarte Tribal Town sues Kalshi over PokkeTrades agreement

The Alabama-Quassarte Tribal Town and Samuel Marshall Jr. filed a lawsuit against Kalshi and three other defendants on 30 October in Muscogee (Creek) Nation District Court, seeking to stop PokkeTrades’ launch. The plaintiffs say Wilson Yargee lacked authority to sign the deal; Kalshi says the agreement is valid and that a tribal council approved it.

The Alabama-Quassarte Tribal Town and Samuel Marshall Jr. have sued Kalshi and other defendants, seeking an emergency order to stop the launch of the proposed PokkeTrades prediction market app. The plaintiffs allege that Wilson Yargee lacked authority to approve the partnership behind it.

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