Kalshi Bans Candidates for Betting

The sanctioned individuals include Mark Moran, an independent Senate candidate from Virginia, and House candidates from Minnesota and Texas.

Moran claimed he intentionally placed the bets to get caught and expose what he called the 'dangers' of allowing markets to influence democratic processes.

Kalshi has banned the candidates from its platform for five years, citing a violation of new guardrails designed to prevent participants from influencing events they control.

The incident has reignited a debate in Washington over whether prediction markets should be allowed to operate during high-stakes election cycles.