Kalshi Suspends Candidates for Election Betting

0:00It's April 22nd, California news today starts now, AI-powered and ready. I'm Cory with the story. Prediction market, CalShi dropped a bombshell by suspending three congressional candidates for placing bets on their own election races. The trio includes Ezekiel and Riquez in Texas, Matt Klein in Minnesota, and Mark Moran in Virginia. This move came straight out of regulatory filings the platform submitted on Wednesday. Democrats are buzzing about the ethics angle since candidates using insider knowledge to wager screams conflict of interest and could undermine trust. In these markets, CalShi acted fast to boot them, showing they're serious about keeping things clean amid growing scrutiny on political betting. With races heating up, this saga spotlights how prediction platforms might reshape campaign finance debates moving forward.