Predictive market platform Kalshi has penalized three U.S. political candidates for insider trading by betting on their own campaigns. The enforcement actions follow new safeguards implemented by Kalshi amid growing concerns over the lack of regulations in online prediction markets. One candidate from Minnesota’s Democratic primary was fined $539.85 and suspended for five years, while another from Texas’s Republican primary faced a $784.20 fine. A third candidate from Virginia’s Democratic primary received a $6,229.30 fine and a five-year suspension for multiple trades related to his campaign.
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