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Kalshi suspends and fines three candidates over election-market bets

Enforcement & compliance

Kalshi sanctioned three candidates who traded or attempted to trade on their own election contests, the company said. Matt Klein and Ezekiel Enriquez admitted rule breaches, paid fines and accepted five-year suspensions; Kalshi blocked Enriquez’s trade before it went through. Mark Moran’s case had a different outcome, but the available report ends before detailing it.

The sanctions show that candidates face platform penalties for trading on their own election contests.

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Regulation

Warren and Curtis seek safeguards from Kalshi and Polymarket over election markets

US senators Elizabeth Warren and John Curtis asked Kalshi and Polymarket for details of safeguards against insider trading and manipulation on election-related prediction markets. Their bipartisan letter also sought information about previous enforcement actions and suspected violations of Commodity Futures Trading Commission rules. The senators cited concerns about candidate trading and alleged manipulation, including cases involving Kalshi and Polymarket.

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