The claim
“A candidate in the Democratic primary for Minnesota's 2nd congressional district traded a small amount on the outcome of his own election, was fined $539.85, and suspended from Kalshi for five years.”
Our verdict
True
The article accurately states that a candidate in the Democratic primary for Minnesota's 2nd congressional district traded on his own election outcome, was fined $539.85, and suspended for five years.
What we found
Multiple sources corroborate these specific details.
The evidence
2 sources, all background: none settles the claim either way.
- Background
CNBC reports that Kalshi suspended and fined three candidates, including Minnesota state Sen. Matt Klein, who is running in the Democratic primary for that state's 2nd Congressional District, for trading on their own elections. The article mentions Klein was fined and suspended for five years.
cnbc.com· Kalshi Fines, Suspends Three Candidates for 'Insider Trading' - Background
NBC News states that Matt Klein, running in the Democratic primary for Minnesota's 2nd Congressional District, was fined and suspended for five years from Kalshi for trading on his own race. The fine amount is stated to be $539.
nbcnews.com· Kalshi Fines and Suspends Politicians for Insider Trading
How we checked
We reviewed 2 relevant sources.
Have evidence we missed?
If you know of a source that confirms or contradicts this claim, send us the link. We review every submission and update fact checks when new evidence changes the picture.
Measured Take updates fact checks when new evidence emerges. Corrections are noted on the page.
All fact checks