Kalshi suspends, fines 3 congressional candidates in 'insider trading' enforcement actions

What are the odds? No, really 

He is not the only one trying to call out this f****** bullshit: * [The Guardian](https://www.theguardian.com/world/2026/apr/18/iran-war-bets-ethics-concerns) * [NPR](https://www.npr.org/2026/04/20/nx-s1-5789071/is-anyone-gonna-do-anything-about-these-iran-war-trades) * [NYT](https://www.nytimes.com/2026/03/03/upshot/prediction-markets-iran-strikes.html) * [NBC](https://www.nbcnews.com/business/consumer/insider-trading-prediction-markets-trump-rules-rcna265452) I could go on, but you get the point. Anyone with 2 brain cells to rub together see that insider trading is blatantly happening. I mean it was most prominently kicked off by none other than [Trump himself](https://www.pbs.org/newshour/politics/trump-told-investors-to-buy-on-social-media-hours-before-his-tariff-pause-rose-stocks-raising-questions-about-manipulation).

Regulators speedrunning damage control any time John Oliver shines a flashlight on something shady. At this point agencies should just treat his episode schedule as a to-do list.

Mere _hours_ after NYS sues Coinbase and Gemini lmao _Someone's_ trying to appear as a 'good citizen'

Thanks John!

They have to keep up appearances of caring

That's what Polymarket says. Kalshi sells itself as the more moral alternative. As if there's any morality in gambling with a different name, that is.

This way they get to choose who gets to do insider trading.

Believe it’s a gray area legally

… It’s both, however you see it as, but probably mostly on the side of being against cheating people out of money… by government officials.

But then they have to keep giving those big payouts.

"What do you do to stop insider trading?" "Nothing, it is actually a feature!" "Don jr. is also providing very valuable advice and is definitely just not being paid protection money."

That’s just Polymarket. Kalshi advertised that they are above it (lol)

Donald Trump Jr. is literally a “strategic advisor” for Kalshi. This shit is getting worse before it gets better.

The president's son is on both boards of Kalshi and Polymarket. They're not just bad, their complicit.

And our government needs to overcompensate hard in the next election to ever get our trust.

And it can't really get any more *insider* trading than betting on the outcome of your own decision to run as a candidate.

We need to just start shaming people who use them again. It's such a shame it's now considered rude to call people who constantly gamble losers. Something like 85% of people who use these apps are down and it's like 95% for the sports betting apps. They use the apps and habitually lose. The are pathetic losers.

Correction: They ban insider trading from a carefully selected group of expendables. 

It's *so easy* to get away with it too. I legitimately cannot fathom being stupid enough to get caught. I guess I once again underestimated politicians.

People used to go to jail for insider trading, now it's so normalized you just get an account ban.

If it's an insider trading thing then I assume it's based on money they made on Kalshi and they are fining their Kalshi account.

In America, corporation fine you! 

It works like this: How much money did you make insider trading? Okay, I’m personally taxin’ you 30% of that.

The same way sports leagues fine players. Per their agreement.

It's in the fine print User agreements can easily contain penalty clauses, like a gym membership will likely include penalties if you damage their equipment (in addition to repair cost). The enforcement of these clauses can be difficult, possibly even requiring the company to sue the user if the user refuses to pay.

Who happens to also be employed by Polymarket as a strategic advisor

It’ll eventually be regulated and inside betting will be punished… after all the insiders make their money.

Not just regulated, deleted. It shouldn't exist.

Seriously, I could give 2 shits about these small fish. I want to know who the insider was bidding on Iran and raking in shitloads.

Nothing more than sacrificial lambs.

Yeah the amounts listed in this article are like one dinner's worth of cash. Meanwhile people in the administration are printing money doing insider trading.

That would involve the government admitting its gambling instead of 'unregulated futures market' bullshit.

Most of the money pouring in is from rules and addicts. But yeah, the very idea behind those markets kinda counts on insider trading happening.

Only if you’re doing it right.

Of course. They're only actioning the ones that got overtly caught. To make an example for the rest, more than anything.

It's called a "prediction market", but it's like any other sports book, only it allows you to bet on cultural events (who's going to win an election, etc.) as well as sports.

I think it is a type of grain and/or brand of cereal?

They can withhold what they said they would in the ToS.

Because if you're not dumb you can get much better odds than something with a house edge. There are plenty of bad bets but it's not like you're randomly assigned something to bet on. Aw shucks they'll only let me bet on whether ben shapiro says inflation in his next video.