Kalshi Suspends Candidate Who Bet on Own Win

This suspension highlights a growing tension in prediction markets: their core value is price discovery, but that value erodes if participants can trade on non-public information about their own actions. The episode signals that operators are now actively policing self-dealing, which could deter political insiders from using these platforms. The open question is whether such enforcement becomes consistent across jurisdictions, or remains ad hoc, shaping how credible these markets are as forecasting tools.