Prediction market Kalshi just hit these 3 congressional candidates with suspensions and fines

# Three Politicians Caught Betting on Their Own Elections Three congressional candidates have been fined and suspended from prediction market websites after placing bets on whether they'd win their own races—essentially trying to profit from insider knowledge of their campaigns. This is the latest example of people using these gambling-style websites to make money off political outcomes, which has alarmed Congress and sparked calls for stricter regulation. Prediction markets like Kalshi and Polymarket let anyone wager on major events, but they've become problematic when insiders use their privileged information to place bets.
Three congressional candidates wagered on the outcome of their own elections on Kalshi, according to the prediction market, which said Wednesday that it fined and suspended the men from their platform for five years.It is the latest high-profile case of alleged insider trading on prediction markets
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