Senators ban themselves from prediction markets after candidates bet on own races

Kalshi also issued a five-year suspension and a penalty of $6,229.30 to independent Mark Moran, a Senate candidate in Virginia, who did not agree to a settlement. “YES, I did bet ~$100 on myself on Kalshi because I wanted to get caught,” Moran wrote in an X post . Moran said he refused a settlement offer that would have compelled him to make a public statement, and that he made the bet to draw attention to Kalshi and his own campaign. …