Episode
Kalshi Bans And Fines Three Politicians For Placing Bets On Their Own Races
- Podcast
- Forbes Topline
- Published
- Apr 24, 2026
- Duration seconds
- 211
- Processing state
not_requested- Canonical source
- https://traffic.megaphone.fm/FSML7431805424.mp3
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Summary
Kalshi caught and suspended three political candidates who bet on the outcomes of their own elections, the prediction market company said in a statement on Wednesday, fining the three politicians and issuing five-year bans from their platform. Minnesota State Senator Matt Klein, a candidate running for the Democratic nomination for Minnesota’s second district in the House of Representatives, agreed to pay a $539.85 fine. Ezekiel Enriquez, a former candidate for the Republican primary for a congressional district in Texas, was fined $784.20. Enriquez lost this race after the primary elections in March. Both Klein and Enriquez bought less than $100 worth of contracts on their own elections, according to Kalshi’s filings, and both were also issued five-year suspensions. Learn more about your ad choices. Visit megaphone.fm/adchoices