Kalshi fines and suspends three politicians for insider trading on their own elections

MarketsKalshi fines and suspends three politicians for insider trading on their own electionsThe fines ranged from $539 to more than $6,200, and the suspensions are set to last five years.Listen to this article with a free account00:0000:00The Kalshi app.Cheng Xin / Getty ImagesShareAdd NBC News to GoogleApril 22, 2026, 3:40 PM EDTBy Steve Kopack, Allie Canal and Scott BlandPrediction market Kalshi said Wednesday that it had fined and suspended three political candidates for trading on their own races during primary campaigns.Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content."Just like in traditional financial markets, bad actors will try to cheat," Kalshi said in a statement. "These three cases are an example of how developing proactive engineering solutions can help identify illicit trading activity."Kalshi described the actions taken by the politicians as "political insider trading."The fines ranged from $539 to more than $6,200, while the suspensions for each candidate from Kalshi are set to last five years.The candidates include Matt Klein, who is running in the Democratic primary for Minnesota’s 2nd Congressional District; Ezekiel Enriquez, who ran in the Republican primary for Texas’ 21st Congressional District; and Mark Moran, who is running in the Democratic primary for Virginia’s U.S. Senate seat. The candidates did not immediately return requests for comment.Enriquez finished in 11th place in the March Republican primary for Texas’ 21st Congressional District, when Trump-endorsed Mark Teixeira ran away with the nomination. In Virginia, Moran dropped his Democratic primary campaign against incumbent Sen. Mark Warner and is instead running as an independent.Minnesota’s primary is not until August, when Democratic voters in the 2nd District will pick from a number of candidates vying to succeed Rep. Angie Craig, who left her seat open to run for Senate. Klein is part of a crowded field that includes several o...