Kalshi prediction site suspends three political candidates for betting on their own races

Great; now out and suspend those close to Trump that keep pulling this shit.

That’s actually brilliant to bet against yourself.

If you loose the election, you win $$.

If you win the election, you loose some $$ short term, but then get it back with all the envelops of cash and future inside trading.

Pete Rose may be gone, but his spirit lives on

One of the other traders was Virginia independent Mark Moran, who is running for Senate. Kalshi said Moran bet in October that he would announce a political run, and then publicly launched his campaign in January.

In an interview with CNN, Moran said the trades were a stunt so that a “longshot” candidate like himself could draw attention to “illegal gambling” happening on prediction sites.

Yeah I support this guy’s use. Really, it’s the system that is the problem; not the individual politicians. Besides, the President of the USA has done far worse.

Now do the rest of them.

Calling it a ‘prediction’ market doesn’t make it any less a gambling site at best, and a vehicle for insider trading at worst. They need to be made illegal.

(Edit to fix typos)

The only time I’d be okay with this is if they are betting in a way that they can’t directly influence.

Bet you lose? Not okay. Bet you do something on a date, or at all? Not okay. Bet you win? That seems fine to me.

3… just 3

Is Kalshi the one whose CEO says he doesn’t read (or can’t read)?