00:00Calci has banned three political candidates for trading on their own elections, but that's not
00:05the story. The story, at least, is that a couple of the political candidates have claimed that they
00:12did this on purpose to show everyone that you shouldn't be able to do this. And so do you buy
00:21that? Do you think that that's what happened here? And by doing this, will this make a statement
00:26towards some of the prediction markets? They're obviously not in favor of prediction markets.
00:30That's why they claim they did it, right? Right. And there's all sorts of nuances to the story,
00:36far more than we have time for today. And maybe we can get into it more next week. But yeah,
00:39three,
00:41part of it was Calci wanted to kind of enforce some of these insider integrity trading kind of
00:47policies that more and more people are saying, wait, this doesn't seem right about prediction
00:51markets. And of course, the CFTC, which regulates it federally, has come out and said, we need more
00:55internal guard lines, guardrails. These platforms need to enforce this. And this is them doing that.
01:02What's kind of funny is it does not seem like any of these politicians did very much trading,
01:06but that was on themselves on races and on them that they are involved in. And the one that I
01:13found
01:13really interesting was Matt Klein, a state senator from Minnesota, who's running for a state or a US house
01:19seat bet on himself in his house race. What's really interesting about that is he is a sponsor
01:26at the state level to ban prediction markets in Minnesota. And I did this story for DeFi rate,
01:31which is a kind of a similar similar site to LSR. And I'm doing a lot of fun election prediction
01:37market coverage is about Senate races and things like that. So definitely check that site out if you'd
01:42have some time. But that was really interesting to me that Matt Klein went ahead and did that he and
01:49Ezekiel Enriquez, a representative candidate from Texas, both settled for very small fines and a
01:56five year suspension from Kelsey. Meanwhile, Mark Marone, the one kind of you're really talking about
02:02who came out and said, I did this on purpose, I wanted to get caught and whatever. He has not
02:06settled
02:07a bigger fine, $6,000 some dollars in the five and figure fine. And maybe we'll see more and more
02:12whether or not that was truly on purpose in the future, if he's just kind of saying, well,
02:17maybe I made a mistake, but I'm not going to admit it.
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