A US politician banned from using Kalshi and fined for insider trading

Odaily News A political candidate who once ran for governor of California has been banned from using Kalshi for violating insider trading rules. The political candidate placed a bet of approximately $200 on his own probability of winning during last year's campaign and posted related content on platform X. Kalshi imposed a five-year ban and a $2,000 fine on him. The description points to Kyle Langford, who is currently running for Congress. Additionally, a YouTube editor was given a two-year ban and fined approximately $20,000 for using non-public information to conduct market trades worth about $4,000 between August and September 2025. CFTC Chairman Mike Selig stated that the agency has established a Predictive Markets Advisory Committee aimed at collaborating with industry participants to combat insider trading and warned that violators will face legal consequences.