"Kalshi's surveillance team confirmed that a candidate in Minnesota's 2nd Congressional District traded a small amount on the outcome of his own election, leading to a fine and suspension."
"In Texas's 21st District, a candidate placed a larger amount on the outcome of his election, resulting in a fine of $748.20 and a five-year suspension from Kalshi."
"A candidate for the Democratic Primary in Virginia's U.S. Senate election traded in two markets related to his campaign, betting on himself before officially announcing his candidacy."
Kalshi identified three congressional candidates who traded on their own election outcomes, violating exchange rules. One candidate in Minnesota's 2nd District traded a small amount and was fined $539.85, receiving a five-year suspension. Another candidate in Texas's 21st District placed a larger bet, resulting in a $748.20 fine and a similar suspension. The third case involved a candidate in Virginia's Senate race who traded on his own candidacy before officially announcing it, leading to similar consequences.
Read at www.mediaite.com
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