Kalshi fined and banned three U.S. congressional candidates for five years.

According to Kalshi, the prediction market platform, it has been fined and banned from the platform for five years for three congressional candidates betting on their own election results. The candidates involved are Mark Moran, Matt Klein, and Ezekiel Enriquez. Virginia Senate candidate Mark Moran was fined $6,229 and required to return the profits from the related market transactions; Minnesota House candidate Matt Klein was fined $540; and Texas Republican primary candidate Ezekiel Enriquez was fined $784. Mark Moran stated on the X platform that he bet approximately $100 on Kalshi to draw attention to the platform's potential manipulation and corruption. Matt Klein stated on the X platform that he placed the bets out of curiosity and paid the fine and accepted the ban after learning of the violation. Kalshi's legal counsel, Bobby DeNault, stated that the candidates' actions violated internal trading control rules, and penalties are imposed regardless of the transaction amount.