The Nevada Gaming Control Board (NGCB) has initiated enforcement action against Kalshi and requested the court to stop the prediction market from offering event contracts in...
Kalshi imposes multi-year bans for 2 insider trading cases
Kalshi has imposed multi-year bans and fines in two cases of insider trading on the platform, as CEO Tarek Mansour announced on February 25, 2026.
The first case was connected to a political candidate who made $200 worth of trades regarding his own candidacy for governor in California and later went public with the trades on social media.
Kalshi’s investigation found that multiple company rules on trading in the markets were violated, as the individual has now announced that he’s withdrawing his candidacy for governor to run for Congress. A five-year trading ban and a fine of ten times the original amount were imposed on the political candidate.
The second case revolved around one of the company’s insiders trading around $4,000 in markets tied to YouTube’s streaming metrics. Kalshi again concluded that insider trading rules were violated, and a two-year ban, combined with a penalty of five times the original amount, was imposed on the individual.
For both cases, Kalshi’s compliance team first got enough evidence to ensure that there were grounds to prove the violation of the rules and worked with law enforcement officials before imposing the bans.
The Commodity Futures Trading Commission (CFTC) also confirmed Kalshi’s intervention actions and stated that the incidents were addressed through the commission’s internal compliance programme.
Kalshi reported record trading volumes as a result of the Super Bowl, with nearly $900 million traded on the platform.Contracts connected directly to the Super Bowl...
