00:00It's Benzinga bringing Wall Street to Main Street.
00:02Kalshi said on Wednesday, it suspended and fined three congressional candidates for
00:07political insider trading on their own campaigns after new safeguards flagged the activity.
00:13According to CNBC, the company imposed five-year suspensions on Mark Moran of Virginia,
00:19Minnesota State Senator Matt Kline, and Texas candidate Ezequiel Enriquez.
00:23Kalshi said Moran traded on markets tied to his candidacy and fined him $6,229.30 after
00:32he refused to settle.
00:34Moran said he knowingly traded $100 on himself to draw attention to Kalshi, criticized the
00:39company, and said he would pursue a 25% vice tax on it to help pay down the national debt.
00:44Kline traded $50 on his own race, acknowledged the violation, paid a $539.85 fine, and agreed
00:53to the suspension.
00:54Enriquez traded less than $100, cooperated with the investigation, paid a $784.20 fine,
01:01and accepted the suspension.
01:03For all things money, visit Benzinga.com.
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