Prediction site Kalshi fines three US candidates who bet on own elections

Disclosures come after firm tightened rules on insider trading, including candidates betting on own campaigns

Before he announced his Senate candidacy, a political hopeful in Virginia did something not so unusual in this day and age: he logged on to a prediction market exchange and wagered money that he would run. Then he ran. Then he bet on that too.

The candidate and trader was Mark Moran, a former FBoy Island contestant who went viral recently for his campaign launch video. Investigators with Kalshi, the federally regulated prediction market exchange, found he placed two trades on their platform, the first in a market asking which individuals would seek public office in 2026, the second after he formally entered the race.