Kalshi suspends US congressman for betting on own election

Prediction market Kalshi has fined and suspended one sitting U.S. congressman and two congressional candidates for betting on the outcome of their own elections, Cointelegraph reported. Bobby DeNult, Kalshi's Head of Enforcement, stated that regardless of the transaction size, betting by candidates who can influence the market, such as by deciding whether to run for office, is a clear violation of the platform's rules.