Kalshi disclosed its second round of enforcement actions on Wednesday, detailing fines and suspensions issued against political candidates who traded on their own elections.
The company noted that two of the cases ended in settlements for traders who acknowledged their misconduct, while one individual who did not accept full responsibility was issued a disciplinary action that represented a harsher penalty.
Kalshi indicated in the blog post that Moran went dark after initially conceding that he made improper bets on whether he would announce and win a bid against Sen. Mark Warner (D-VA). Moran was fined $6,300 and prohibited from using Kalshi’s platform for five years.
The other candidates include Matt Klein, who is running in the Democratic primary for Minnesota’s 2nd Congressional District, and Ezekiel Enriquez, who ran in the Republican primary for Texas’ 21st Congressional District.
Decrypt has reached out to Moran for comment.
Kalshi detailed another enforcement action at the time, penalizing Kyle Langford, a 24-year-old Republican candidate in California, who wagered $200 on his own gubernatorial bid. Langford and Moran had telegraphed their respective wagers on social media.
