Odaily Planet Daily reports that a political candidate who previously ran for California governor has been banned from using Kalshi for insider trading violations. The candidate bet about $200 on their own chances of winning during last year’s campaign and posted related content on X platform. Kalshi imposed a five-year ban and a $2,000 fine. The individual is identified as Kyle Langford, who is currently running for Congress. Additionally, a YouTube editor was banned for two years and fined approximately $20,000 for trading around $4,000 using non-public information between August and September 2025. CFTC Chairman Mike Selig stated that the agency has established a Predictive Markets Advisory Committee to collaborate with industry participants to combat insider trading and warned violators will face legal consequences.
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