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News & Current Events Apr 22, 2026 at 8:45 PM

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

Posted by YorockPaperScissors

Kalshi suspends, fines 3 congressional candidates in 'insider trading' enforcement actions
CNBC
Kalshi suspends, fines 3 congressional candidates in 'insider trading' enforcement actions
The incidents involved a candidate from Virginia seeking a Senate seat and candidates running for House seats from Minnesota and Texas.
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CrustyKielbasa Apr 22, 2026 +6437
Week after John Oliver does an episode on them lmao
6437
Logically_Insane Apr 22, 2026 +1750
What are the odds? No, really 
1750
scorpyo72 Apr 22, 2026 +692
Well, Kalshi says....
692
Gougaloupe Apr 22, 2026 +458
Believe it or not, straight to (Kalshi) jail.
458
gahlo Apr 23, 2026 +83
Jailshi was right there.
83
SgtSlaughterEX Apr 23, 2026 +43
Gotta bailshi
43
Justintime4u2bu1 Apr 23, 2026 +6
Out on bailshi and out of jailshi. And that’s the way it goes.
6
govunah Apr 23, 2026 +19
Do not pass goshi
19
Somnambulist815 Apr 22, 2026 +14
I have money in polymarket on what kalshi says, which is... What do you mean 'bubble'?
14
gospdrcr000 Apr 22, 2026 +20
I'm sure the over/under is posted on poly market
20
nippleforeskin Apr 23, 2026 +3
the over under on what the odds are?
3
redyellowblue5031 Apr 22, 2026 +595
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).
595
Abrahms_4 Apr 23, 2026 +199
Shawn Ryan on youtube has asked the question a few times. basically asks "How does someone making 175k a year suddenly have a net worth of 5 million dollars after a couple years in congress. They somehow amazingly make trades that ALWAYS make huge returns usually right before major news is broadcast"
199
ragun2 Apr 23, 2026 +73
I don't know who that is but plenty of people have been asking that question for a long time now.
73
insomniacpyro Apr 23, 2026 +17
Capitalism needs to end.
17
Melomaverick3333789 Apr 23, 2026 +62
How about the f****** president who pardons people who buy his crypto token?
62
Minimum-Avocado-9624 Apr 23, 2026 +16
Wait is that how the bribes are happening. Is that essentially where these conmen are getting the money for these bribes. They are buying the crypto (exchanging their dollars) which would inflate the value of his crypto…? That what you are saying.
16
PlantOG Apr 23, 2026 +20
2 mil is the going rate…. People are making money on both “ends” of the “trade” lol
20
govunah Apr 23, 2026 +5
Meanwhile there's Jim Justice about to lose his c*****.
5
Master-Praline-3453 Apr 23, 2026 +21
Some More News dropped an episode on this today, too! Right after the John Oliver episode, as is tradition.
21
boot2skull Apr 23, 2026 +38
The fun part is insider trading in stocks is a lot easier to track and prove. These markets are basically enable insider trading on all of existence.
38
0o0o0o0o0o0z Apr 23, 2026 +13
> I could go on, but you get the point. Anyone with 2 brain cells to rub together see that insider trading is blatantly happening. [Kinda like this... ?](https://finance.yahoo.com/markets/commodities/articles/perfectly-timed-1-billion-wagers-230000670.html?guccounter=1)
13
redyellowblue5031 Apr 23, 2026 +5
Why yes, exactly like that.
5
PanicOnFunkotron Apr 23, 2026 +6
I'm watching a Showdy about it right now!
6
Specialist_Gap_3399 Apr 22, 2026 +357
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.
357
NotUniqueWorkAccount Apr 22, 2026 +162
I was wondering if I was one of the few who noticed that. Dudes got some massive pull/reach, likely because he makes sure what he says is ironclad, legally speaking.
162
tucosupreme Apr 22, 2026 +90
And despite that, his show icon gets more difficult to find on the home screen even though it’s like the only show I regularly watch.
90
Buckets-O-Yarr Apr 22, 2026 +46
If you aren't liking, subscribing, commenting, and sharing *every single video* then clearly you aren't really watching it anyway.
46
LoveThinkers Apr 22, 2026 +61
But watch one bonsai tree nursing video, and that is now your feed
61
B0Y0 Apr 23, 2026 +57
YouTube algo: if you love bonsai trees, you'll love these Ben Shapiro and manosphere videos!
57
isanass Apr 23, 2026 +14
Every.time! Now, I'll admit I watch a lot of content tangentially related to material manosphere chuds watch (automotive repair channels, tool/new tool day videos, "will it run" content, large ag, commercial, land moving equipment, small engine, and home improvement/DIY sorta stuff), but that it will see I watch a constant stream of those AND a crapton of John Oliver, LegalEagle, true crime (broadly, as in the genre in general), HBomberGuy, Folding Ideas/Dan Olson, Cathode Ray Dude, and Technology Connections, and it thinks I'll in any way entertain Joe Rogan, Ben Shapiro, Tucker Carlson, Mark Levin, etc...just confirms my belief about the faliability of AI and LLMs at the current moment. Not a chance I'll be persuaded by straw man arguments or "debates" that start with a fallacy and go further off the logical rails from there.
14
Pack_Your_Trash Apr 23, 2026 +23
It's not algorithm failing to identify that you're disinterested in fascist propaganda. It's the algorithm siccessfully putting things you like right next to fascist propaganda. It's a feature not a bug.
23
ragun2 Apr 23, 2026 +6
Well it's HBOMAX so I don't think you can do most of those things
6
Buckets-O-Yarr Apr 23, 2026 +4
Unfortunately the rest of us poors are slaves to the YouTube algorithm, which is where I watch the show. Hence the joke, but your point is valid since the hbo homepage is probably what the person I was responding to was talking about anyway.
4
MyGoodOldFriend Apr 23, 2026 +5
I believe the full episodes are only available on YouTube if you’re outside America, mind, so you’re missing the most unhinged parts
5
Virtual_Structure520 Apr 22, 2026 +12
I think his British accent has something to do with it too. People who speak with that accent are assumed to be intelligent and are given authority.
12
erikwarm Apr 23, 2026 +3
I wouldn’t be surprised if their legal team was larger than their research team if they do these great episodes.
3
Pardybro911 Apr 22, 2026 +25
This isn’t even regulators lol it’s just a company spinning PR
25
axonxorz Apr 22, 2026 +34
Mere _hours_ after NYS sues Coinbase and Gemini lmao _Someone's_ trying to appear as a 'good citizen'
34
Kevin-W Apr 22, 2026 +2
Thanks John!
2
sharrrper Apr 22, 2026 +2829
I thought insider trading was suppossed to be a *feature* of "prediction markets" because it makes the predictions more accurate?
2829
memberzs Apr 22, 2026 +838
They have to keep up appearances of caring
838
xX420GanjaWarlordXx Apr 22, 2026 +495
They chose 2 Democrats and a Republican from one Blue, one Purple, and one Red state.  These are very obviously the chosen sacrifices to appear "unbiased". We all know who is predominantly profiting off of insider trading right now. Donald Trump Jr. is a damn "Strategic Advisor" for Kalshi. 
495
FlaccidRazor Apr 22, 2026 +193
"Donald Trump Jr. is a damn "Strategic Advisor" for Kalshi." and an unpaid advisor for PolyMarket. Playing both sides.
193
sphinxsley Apr 22, 2026 +55
Playing insider, more like.
55
Show_Me_Your_Cubes Apr 22, 2026 +14
They have lots of advisors, i hear
14
send_me_your_deck Apr 23, 2026 +7
Doesn’t he own a piece of polymarket?
7
joeyasaurus Apr 23, 2026 +7
And they couldn't even say what he does for them. Like not "oh sorry we can't say" but like "uhhhhh we have lots of advisers"
7
NumNumLobster Apr 23, 2026 +10
Its the same side. Notice how theres always two companies that lock down a new break things and move fast market? Air bnb and vrbo. Uber lift. Uber eats and door dash. Draft kings and fan duel. Vcs make their own competition to make it look like theres a choice and no monopoly when both leaders operate exactly the same way
10
magistrate101 Apr 22, 2026 +41
They're not even really tackling insider trading with this either: "Kalshi said all three 'were flagged because of our newly released safeguards to block political candidates from trading on their own elections'". These were just candidates who bet on whether they'd win. Not insiders making bets based on pentagon security briefings.
41
ShortStoryIntros Apr 23, 2026 +45
One trade was done on purpose... To expose Kalshi. https://x.com/itsmarkmoran/status/2047038838699446324 Moran, in a statement on X, said, “I traded $100 on myself, knowing this would happen (also knowing that I wouldn’t be vying for the democratic nomination) and the attention it would create to highlight how this company is destroying young men and as Senator I will go after Kalshi and impose significant penalties on them - 25% - a vice tax - to pay down our national debt.”
45
DuntadaMan Apr 23, 2026 +28
I have a better idea than a tax on the insider trading money machine. Destroy it.
28
ShortStoryIntros Apr 23, 2026 +14
Destroy Kalshi and Polymarket? They're actively in the courtrooms battling this very thing. Nevada recently had a hearing and a judgement will be coming soon. Which might send it up to the Supreme Court.
14
Aleyla Apr 23, 2026 +9
> send it up to the Supreme Court. That used to mean something positive. Now it just means that whatever the illegal activity is will now become legal for the right price.
9
joshTheGoods Apr 23, 2026 +17
Yea, this was just a major strategic blunder. What they just said is: we'll leak your betting activity if we don't like you. This is how you get bipartisan support to regulate your shit. Judgements over things like this echo through our law, look up how VPPA violations are rooted in a VHS rental record scandal.
17
Phillies2002 Apr 22, 2026 +151
Yep, they know they're more likely to be legally regulated if they don't pretend to regulate themselves
151
Kevin-W Apr 22, 2026 +35
This. They know Trump will never do it, but they know the next Dem that comes in will.
35
Reversion603 Apr 23, 2026 +6
> the next Dem that comes in will. Maybe, also might discover warp technology and found the United Federation of Planets. 🙃
6
hotpuck6 Apr 22, 2026 +9
3 fined of how many involved? Probably way more than 3 getting in on their insider game given how that normally goes with the stock market.
9
kaisadilla_ Apr 23, 2026 +26
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.
26
Informal_Host7610 Apr 23, 2026 +9
That's weird because Kalshi's advertising is 1000% more predatory and aggressive than Polymarket
9
skiabay Apr 22, 2026 +38
This way they get to choose who gets to do insider trading.
38
Attainted Apr 23, 2026 +6
Yup, pulling up the ladder.
6
Awkward-Ad1085 Apr 22, 2026 +4
Believe it’s a gray area legally
4
Skibidibum69 Apr 22, 2026 +2
… 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.
2
DuntadaMan Apr 23, 2026 +2
But then they have to keep giving those big payouts.
2
Fluffcake Apr 23, 2026 +2
"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."
2
Skiingislife42069 Apr 23, 2026 +2
That’s just Polymarket. Kalshi advertised that they are above it (lol)
2
Twheezy2024 Apr 22, 2026 +1685
This whole market is so f****** dirty. Too bad our government blows d***
1685
SdDprsdSnglDad18 Apr 22, 2026 +641
Donald Trump Jr. is literally a “strategic advisor” for Kalshi. This shit is getting worse before it gets better.
641
holylight17 Apr 22, 2026 +213
Strategic advisor for BOTH Kalshi and Polymarket!!! [https://www.cnbc.com/2026/04/15/kalshi-and-polymarket-congress-regulation-washington-influence.html](https://www.cnbc.com/2026/04/15/kalshi-and-polymarket-congress-regulation-washington-influence.html)
213
Latase Apr 23, 2026 +31
i suspected it was all rigged, but thanks for the confirmation.
31
Show_Me_Your_Cubes Apr 22, 2026 +104
They have lots of advisors, i hear.
104
flyingthroughspace Apr 22, 2026 +36
Why couldn't she have had the balls to ask, "Why can't you just answer the question yes or no?"
36
Cilia-Bubble Apr 22, 2026 +8
Because if you do that no one will agree to interview with you. Letting people avoid yes/no questions is an unwritten rule almost every journalist is forced to follow.
8
xxtoejamfootballxx Apr 23, 2026 +34
The "access over truth" mentality is destroying our country. If you're unwilling to ask hard questions then you're just a marketing channel and nothing more.
34
flyingthroughspace Apr 23, 2026 +8
>Letting people avoid yes/no questions is an unwritten rule almost every journalist is forced to follow This isn't true by any means.
8
Oregon-Pilot Apr 23, 2026 +5
[dRaIn ThE sWaMp!!!111!one](https://images.squarespace-cdn.com/content/v1/5c90fd14b91449766edf8978/1556764332494-UD0RS3H4KULD13PPJXEU/mockingspongebobbb.jpg?format=2500w)
5
ReachParticular5409 Apr 23, 2026 +3
It's not going to get better Mainly because the only thing most people do about it is doomscroll and post what they think is clever quips and memes
3
FakeFeathers Apr 22, 2026 +106
The president's son is on both boards of Kalshi and Polymarket. They're not just bad, their complicit.
106
ReachParticular5409 Apr 23, 2026 +8
Yep and no one feels like stopping them so they're just going to grift harder every day I'm sure someone will write a stern letter about it amidst donation requests
8
2Autistic4DaJoke Apr 22, 2026 +55
And our government needs to overcompensate hard in the next election to ever get our trust.
55
mschuster91 Apr 22, 2026 +27
I'm German. We went through this shit decades ago. And so, my friends, will you. You will need to undergo something similar in scope and effect like we did. Prosecution of *everyone* relevant in power, a new constitution, no law and regulation left standing without review.
27
Teantis Apr 23, 2026 +9
Yeah I agree. Americans aren't really familiar with the concept, but this is like the end of their First Republic era. And if they somehow shake off this regime and want to continue as a democracy, they've gotta embrace they need to make an entirely new republic. Even if they seize back control over the next few years, if they continue with the current set up this cancer in their body politic is going to return very soon.
9
WingZero234 Apr 23, 2026 +7
Yeah that's never gonna happen. Lawmakers here seem to be allergic to amending the constitution and treat it like the bible
7
EnigmaSpore Apr 23, 2026 +7
We still hang on to centuries old rules like “that’s not what the forefathers wanted”. Mfer, they expected us to make changes. Make the damn changes and put it in there.
7
ReachParticular5409 Apr 23, 2026 +3
Just accept the fact that when half the nation is determined to ruin it, it will get ruined
3
Gougaloupe Apr 22, 2026 +20
Legit afraid to travel abroad because of how f****** stupid this entire administration is. Well deserved concern.
20
Twheezy2024 Apr 22, 2026 +21
There will be negative ripple effects for decades. They are really setting us back. Pretty sure they're trying to bankrupt us also.
21
pourtide Apr 22, 2026 +5
Naw, they're not trying to bankrupt us. They just don't care if they do.
5
Twheezy2024 Apr 22, 2026 +7
I'm thinking fire sale for him and his rich buddies. It's a real estate mentality. They couldn't care less how it would effect people.
7
fury420 Apr 22, 2026 +8
And it can't really get any more *insider* trading than betting on the outcome of your own decision to run as a candidate.
8
mrdilldozer Apr 22, 2026 +11
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.
11
EggNo289 Apr 22, 2026 +733
Correction: WE BAN INSIDER TRADING FROM IDIOTS THAT IS STUPID ENOUGH TO GET CAUGHT WE STILL DEPEND ON AND REQUIRE INSIDER TRADING FOR OUR ENTIRE PREMISE AND CORE BUSINESS MODEL TO EXIST
733
xX420GanjaWarlordXx Apr 22, 2026 +145
Correction: They ban insider trading from a carefully selected group of expendables. 
145
darshfloxington Apr 22, 2026 +79
Yeah notice how they banned one democrat, one republican and one independent? Trying not to piss off any one side.
79
Show_Me_Your_Cubes Apr 22, 2026 +72
All candidates, too. Not sitting members, not the nepo baby "advisor".... all no-name candidates. Fuckin weak
72
suprahelix Apr 22, 2026 +18
Exactly. These people have very limited insider info because Kalshi doesn’t want to set a precedent with actual members of Congress. They will never voluntarily hold politicians accountable because they’re afraid those politicians will turn around and pass regulations on them.
18
dantemanjones Apr 23, 2026 +5
I wouldn't really say that. It looks like it's targeting the left more than the right. The Republican wasn't a serious candidate. The primary already happened and he got 1.3% of the vote. He was 11th out of 12 candidates, placing a few spots behind someone who withdrew from the race. The independent is a former Dem who wanted to primary the sitting senator. Looks like Temu Homelander. The dem is the only serious candidate. He's a sitting state senator and was in second in the only poll I found on the primary race. It's a safe D seat so he's likely to win if he can clear the primary.
5
explosivecrate Apr 22, 2026 +14
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.
14
StairPro Apr 22, 2026 +14
To be a politician in American, the majority of the positions require you to be a U.S. citizen; That's the only requirement. Education level? Meh. Demonstrated understanding of civics? Meh. Ability to form a complete sentence? Meh. Raped children and want to have sex with your daughter? Fast-tracked to the top of the Republican Party.
14
Spraypainthero965 Apr 22, 2026 +4
People used to go to jail for insider trading, now it's so normalized you just get an account ban.
4
thevictor390 Apr 22, 2026 +272
Not that I'm complaining, but how exactly does Kalshi fine anyone?
272
sharrrper Apr 22, 2026 +153
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.
153
Pardybro911 Apr 22, 2026 +53
Which is hilarious because any actual gambling addict immediately always withdraws winnings as soon as it posts because the companies are scummy fuckers and will try and reverse winnings
53
leroyyrogers Apr 22, 2026 +22
What the f*** are you talking about? Gambling addicts WITHDRAW money?
22
yzeerf1313 Apr 23, 2026 +13
Yeah addicts isn't the right term here. It's more like, if you know you're insider trading, good chances you're gonna withdraw as soon as you hit. Then make a new account, rinse and repeat.
13
fpuanon Apr 23, 2026 +5
If they have paranoia
5
__thrillho Apr 23, 2026 +7
I take it you don't have much experience with gambling addicts
7
EstablishmentFull797 Apr 22, 2026 +35
In America, corporation fine you! 
35
DustyRailz Apr 22, 2026 +8
With this tariff refund set-up, yeah, pretty much true.
8
Ragnarawr Apr 22, 2026 +53
It works like this: How much money did you make insider trading? Okay, I’m personally taxin’ you 30% of that.
53
Drewy99 Apr 22, 2026 +23
On what authority? 
23
LIONEL14JESSE Apr 22, 2026 +54
By order of the peaky blinders
54
Ragnarawr Apr 22, 2026 +5
I chuckled at this. Thanks.
5
MelancholyDick Apr 22, 2026 +9
Probably buried somewhere in the user terms and conditions agreement.
9
DuntadaMan Apr 23, 2026 +3
Or you know better, destroy the organization that allows insider trading, and put everyone who used it to abuse their position in jail.
3
Qbr12 Apr 22, 2026 +9
The same way sports leagues fine players. Per their agreement.
9
willstr1 Apr 22, 2026 +6
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.
6
ATarrificHeadache Apr 22, 2026 +156
The same Kalshi that employs Donald Trump Jr as a strategic advisor?
156
Aware_Produce_1218 Apr 22, 2026 +59
Who happens to also be employed by Polymarket as a strategic advisor
59
dippocrite Apr 23, 2026 +5
JFC it’s true https://news.kalshi.com/p/donald-trump-jr-strategic-advisor https://subscriber.politicopro.com/article/2025/08/polymarket-adds-donald-trump-jr-as-adviser-ahead-of-us-return-00525444 How bizarre
5
SPEW_Supporter Apr 22, 2026 +53
3 candidates who bet on themselves. K now do the politicians and their friends betting on bombings and cease fires in Iran who have inside information. Or bet on what words Trump will say today with information they’re getting from Trump himself. And while you’re at it fire don jr as an advisor. This means nothing unless they go after everyone.
53
Tellnicknow Apr 22, 2026 +96
Should be punishable with prison time. I'm more afraid of self-fulfilling prophecies. What happens when a prediction market predicts a bank run? Or a shortage of medicine? Expecting these things to happen causes them to happen and has real negative impacts to people. It needs to be regulated.
96
Pans_Labradoodle Apr 22, 2026 +24
It’ll eventually be regulated and inside betting will be punished… after all the insiders make their money.
24
iMalevolence Apr 23, 2026 +11
Not just regulated, deleted. It shouldn't exist.
11
rubyaeyes Apr 22, 2026 +41
It's almost like all these financial laws should apply to "predictive" markets too.
41
Bgrngod Apr 22, 2026 +29
3 bans. 1 Dem. 1 "Independent". 1 Repub. It's as if Kalshi is doing as little as possible to give an appearance of being non-political. I wonder which strategist gave them that idea?
29
Kundrew1 Apr 22, 2026 +40
Cute that they only did it to candidates and they dont have the balls to do it to the people already in office.
40
M3RC3N4RY89 Apr 22, 2026 +6
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.
6
ChesterComics Apr 22, 2026 +3
Nothing more than sacrificial lambs.
3
The_Bucket_Of_Truth Apr 23, 2026 +2
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.
2
CaroCogitatus Apr 22, 2026 +10
Should be followed by "DOJ indicts ..." if we still had a working government.
10
wikkytabby Apr 22, 2026 +5
That would involve the government admitting its gambling instead of 'unregulated futures market' bullshit.
5
SATX_Citizen Apr 22, 2026 +9
There is no realistic way to regulate these prediction markets. They simply should not exist. The level of self-aggrandizing bullshit their leadership spouts about being good for society and predictors of world events is nonsense.
9
No_Jello_5922 Apr 23, 2026 +10
Ok, but why not Eric, Don Jr, and Kushner?
10
Admirable_Nothing Apr 22, 2026 +8
Throwing a few wannabe politicians to the wolves while the actual folks in the WH who know what is going to happen before it happens are given a free pass.
8
AudibleNod Apr 22, 2026 +6
So it's just gonna be their spouses or degenerate cousin or something.
6
Sure_Conference_1649 Apr 22, 2026 +5
Crazy that a corporation suspended them before any congressional ethics committee. Was that a bet on polymarket?
5
reddititty69 Apr 23, 2026 +6
You have to wait until you are elected and sworn in to start insider trading. Idiots.
6
RunninWild17 Apr 23, 2026 +5
Probably be faster to just get rid of kalshi and polymarket
5
blinddrummer Apr 22, 2026 +8
Too outoftheloop: Arent they all insider trading?
8
lowercaset Apr 22, 2026 +5
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.
5
jazzhandler Apr 22, 2026 +2
Only if you’re doing it right.
2
Vio94 Apr 23, 2026 +2
Of course. They're only actioning the ones that got overtly caught. To make an example for the rest, more than anything.
2
offtodevnull Apr 22, 2026 +4
We posted a sign that clearly explains insider trading isn't permitted. We've done all we can do. The end. (their argument)
4
allanon1105 Apr 22, 2026 +4
Now do sitting Congressman
4
ultimatt777 Apr 22, 2026 +5
This system is so broken right now it's crazy. We have so much to fix in America but we have an administration that not only neglects to fix it, but throws fuel to the fire on every situation and makes it worse.
5
AFenton1985 Apr 22, 2026 +3
People in government shouldn't be allowed to own stock
3
Unfair_Web_8275 Apr 23, 2026 +4
Candidates. Now do those in office.
4
Kind-Philosopher5077 Apr 23, 2026 +2
Candidates. How about the ELECTED.
2
tschawartz12 Apr 23, 2026 +3
Insider trading is a crime, when drug dealers are arrested ALL the money is taken because it was made through illegal means, insider trading should be treated the same. Take ALL the money from the trades.
3
jert3 Apr 23, 2026 +4
'For your $23.8 million worth of illegals gain, you're going to have to pay a $800,000 fine' And this is maybe the one in 600 incidents that even gets investigated.
4
newzinoapp Apr 23, 2026 +5
The timing is everything. Kalshi is CFTC-regulated and fighting to keep election contracts legal after their federal court win. They picked one Democrat, one Republican, and one independent to ban. That's not coincidence, that's a press release. These are candidates who bet on their own races, the most obvious and least consequential form of insider trading on the platform. The harder question is sitting members who know about policy decisions before they're public and trade on the downstream effects. Kalshi won't touch that because those are their most valuable users. This is self-regulation theater. Do just enough to survive the next review.
5
Tasteslikeliberal Apr 23, 2026 +4
Because the problem is three guys at less than $100 as opposed to the hundreds of thousands “wagered” on oil prices going up and down immediately before an announcement from the President. 👌
4
Non-Current_Events Apr 23, 2026 +4
Stop using our Insider Trading platform for Insider Trading!
4
rocky8u Apr 22, 2026 +14
Mark Moran is not a candidate for the Democratic Primary for Warner's Senate seat. He has dropped out and is running as an independent for the general (if his campaign lasts that long). He is clearly not a Democrat based on his views.
14
SPEW_Supporter Apr 22, 2026 +7
Omg the fine amounts are RIDICULOUS. This is just to get “good PR” and acting like they’re doing something. “Kalshi said that Moran “traded in two markets related to his campaign.” “The first was a market on individuals who would run for public office in 2026,” Kalshi said. “This person placed a trade on himself in this market. Then, once the trader announced himself as a candidate for the Democratic Primary election for Virginia U.S. Senate, he again traded on his own candidacy.” Kalshi fined Moran $6,229.30 and suspended him for five years from the trading platform, the company said.” The other two were fined less than $800.
7
formerPhillyguy Apr 22, 2026 +3
You've got to be a certain kind of stupid to bet on yourself. Everyone knows you should have you friends and family bet on you, on your behalf, for a cut of the profit. /s Good for Moran, though.
3
NewYorker15 Apr 22, 2026 +3
Okay what exactly is Kalshi, I feel like suddenly it’s *everywhere*
3
behindtimes Apr 23, 2026 +2
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.
2
humbleElitist_ Apr 23, 2026 +2
I think it is a type of grain and/or brand of cereal?
2
GL2U22 Apr 22, 2026 +3
Appear to be doing something about the blatant problem by throwing a handful of people under the bus while the worst offenders continue to profit. Don’t worry, once their time comes, I’m sure they’ll be pardoned.
3
sonicNH Apr 23, 2026 +3
Great, now do the people in the White House.
3
Levarien Apr 23, 2026 +3
Insider trading is baked into the original so called "prediction markets." The point was to pull together all the disparate information, opinions, expertise, and social groupthink in order to determine the most likely outcome of any given situation. Insider info is simply the most accurate of these voices. If Kalshi is suddenly anti-insider trading, then they've 100% given up the facade: They are just another gambling front.
3
ichigo2862 Apr 23, 2026 +3
Oh so they found some fall guys huh
3
Narradisall Apr 23, 2026 +3
Prediction markets have quickly become a massive scam. Unless you have insider info you’re most likely to just lose money. Sadly it’s becoming more popular.
3
OdonataDarner Apr 23, 2026 +3
Framing is wrong. It's 2 Democrats, 1 Republican. All three are running for office.  Jared and the cabal are not remotely touched by this. 
3
TheGrowingSubaltern Apr 23, 2026 +3
So they do know who’s placing bets on their platforms….
3
Niceguy955 Apr 23, 2026 +3
They need to make as much money as they can right now. If a normal regime ever takes control, or normal people are put at the CFTC, this entire industry is gone.
3
Rogerdodgerbilly Apr 24, 2026 +3
How is this insider trading. They dont know they are going to win. Let boot the fuckers making bets on military moves
3
infinitay_ Apr 22, 2026 +4
Why tf is Kalshi taking action? Shouldn't we be putting them behind bars? What is this bullshit?
4
GILDID Apr 22, 2026 +2
Only 3?  I'm sure these three will just have their friends and family place bets for them.  
2
AcanthisittaNo6653 Apr 22, 2026 +2
>The candidates are Mark Moran, a former Virginia Democratic primary candidate for Senate who is now running as an independent; Minnesota Democrat Matt Klein, who is running in the primary for that state’s 2nd Congressional District; and Ezekiel Enriquez of Texas, who is running in the Republican primary for the state’s 21st Congressional District. The lake of fire can accommodate more than just the beast and the false prophet. There's plenty of room for corrupt minions too. Make room.
2
Matman161 Apr 22, 2026 +2
The John Oliver effect
2
TheDukeofArgyll Apr 22, 2026 +2
Kalshi can fine people?
2
JimmyKillsAlot Apr 22, 2026 +2
They can withhold what they said they would in the ToS.
2
BrandonLang Apr 23, 2026 +2
Lol kalshi putting on a less corrupt show than the actual government
2
cosettemeetsmarius Apr 23, 2026 +2
All candidates, one from each party. How disingenuous.
2
SatoshiReport Apr 23, 2026 +2
How does Kalshi fine you? Isn't that up to the government?
2
in1gom0ntoya Apr 23, 2026 +2
and thats as much as they're gonna get in trouble...
2
fcatw Apr 23, 2026 +2
I’m sure they’re making back end deals with whoever’s going to play the patsy
2
internetlad Apr 23, 2026 +2
wE bAn InSiDeR tRaDiNg
2
nateh1212 Apr 23, 2026 +2
How is this even news These three people collectively bet 150 dollars because like everyone else they have been hearing about these markets. Seems like the most overblown hyped story ever.
2
mikkortes Apr 23, 2026 +2
Finally some accountability in DC – about time they enforce their own rules.
2
RemusShepherd Apr 23, 2026 +2
So my question is, was the fine more or less than the money they won?
2
scuddlebud Apr 23, 2026 +2
I'm sorry but if you're losing money in prediction markets you get no sympathy from me. It's blatantly and inherently vulnerable to fixed bets. I enjoy gambling on a rare occasion. I'll play b******** or r******* where I know the odds. In a prediction market where winners are not determined by chance but instead by behavior... Why would you put your money there?
2
spaceS4tan Apr 23, 2026 +2
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.
2
Patient-Detective-79 Apr 23, 2026 +2
app that encourages you to insider trade:
2
funtimes-forall Apr 23, 2026 +2
What a f****** joke that the company does this to not lose business while the SEC does zip!
2
clarinetJWD Apr 23, 2026 +2
Because no one else is posting the names, districts, and parties... > The candidates are Mark Moran, a former Virginia Democratic primary candidate for Senate who is now running as an independent; Minnesota Democrat Matt Klein, who is running in the primary for that state’s 2nd Congressional District; and Ezekiel Enriquez of Texas, who is running in the Republican primary for the state’s 21st Congressional District.
2
dasunt Apr 23, 2026 +2
Did Kalshi turn over the evidence and cooperate with the relevant government entities to build potential legal cases?
2
Toepale Apr 23, 2026 +2
They pretended to fine them to cover their asses. One of the most shady companies right now.  
2
sorrydaijin Apr 23, 2026 +2
CNBC having a stake in Kalshi is just as fucked p as all of this.
2
d-cent Apr 23, 2026 +2
So that's our justice system now? If a gambling company decides to suspend or fine insider reading, will be our justice system now.  I'm feeling great again, I don't know about you
2
EvidenceBasedSwamp Apr 23, 2026 +2
Why are there still morons who gamble here?
2
manofnotribe Apr 23, 2026 +2
It's not a 'prediction market' it's a betting site, just makes you feel less bad about losing your money.
2
sksauter Apr 23, 2026 +2
Uhh, who are the fines being paid to...?
2
Unnamed-3891 Apr 24, 2026 +2
Private companies can write fines now?
2
Phosistication Apr 25, 2026 +2
Fines? Cost of doing business. They will all still walk away with “bigly” profits
2
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