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Kalshi suspended three political candidates from its platform for insider trading
Prediction market Kalshi has suspended three political candidates, Mark Moran, Matt Klein, and Ezekiel Enriquez, for alleged insider trading. The company cited new rules implemented last month to prevent politicians from betting on events they can influence. Moran received a five-year suspension and a fine exceeding $6,000, while Klein and Enriquez settled for lesser fines and shorter suspensions. The article also touches on ongoing lawsuits attempting to regulate prediction markets as gambling.