Fact checkPoliticsPublished April 23, 2026
Kalshi: “A candidate in the Democratic primary for Minnesota's 2nd congressional district traded a small amount on his own election, was fined $539.85 and suspended from Kalshi for five years.”. Our verdict: True.

The claim

“A candidate in the Democratic primary for Minnesota's 2nd congressional district traded a small amount on his own election, was fined $539.85 and suspended from Kalshi for five years.”

KalshiStatementApril 22, 2026Read the original

Kalshi announced penalties against three candidates for trading on their own races.

Our verdict

True

Kalshi fined Minnesota state senator Matt Klein $539.85 and suspended him for five years.

What we found

Kalshi said Klein acknowledged violating its rules after its surveillance flagged a trade on his own race; he said he bet $50 out of curiosity and apologised. The claim is accurate.

The evidence

2 of 2 sources support the claim; none contradict it.

Contradict 0Support 2Background 0
  • Supports the claim

    Kalshi fined and suspended three candidates, including Klein, for betting on their own campaigns. [1]

  • Supports the claim

    NBC reports Kalshi's fines over insider trading on own elections. [2]

How we checked

We checked the claim against Fox Baltimore (TNND), NBC New York. We reviewed 2 relevant sources.

Sources

  1. [1]Fox Baltimore (TNND) · Kalshi fines & suspends 3 political candidates for betting on their own campaigns
  2. [2]NBC New York · Kalshi fines politicians for insider trading on own elections

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