Tag Archives: Kalshi

The Senate on Thursday unanimously approved a bipartisan resolution banning lawmakers and their staff from participating in prediction markets, a move aimed at preventing officials with access to sensitive information from profiting on real-world events. The rule change, adopted by voice vote, takes effect immediately and reflects growing alarm on …

Prediction market platform Kalshi said Wednesday it has fined and suspended three political candidates for trading on the outcomes of their own races, calling the actions a form of “political insider trading.” The company announced penalties ranging from $539 to more than $6,200, along with five-year suspensions, in what it …