Kalshi flags insider trading, including politician

Prediction market platform Kalshi has identified three new cases of insider trading involving political candidates. These individuals allegedly bet on their own electoral outcomes, violating platform rules. Among them is a former investment banker and reality TV participant who intentionally defied the platform's enforcement, resulting in a five-year suspension and a significant fine. Another case involved a state lawmaker who cooperated and settled, receiving a similar suspension and a smaller penalty. Kalshi emphasizes its commitment to policing improper trading, regardless of trade size, to maintain market integrity.