US Senate Candidate Caught Insider Trading on Kalshi Says He Did It on Purpose

Mark Moran, an underdog Senate candidate from Virginia, claims he wanted to get caught violating the prediction market platform’s rules.

Kalshi announced Wednesday that it had taken action against three US politicians for violating the prediction market platform’s rules on insider trading. One of the candidates, Mark Moran, a former investment banker and contestant on the reality dating show FBoy Island, is running a long-shot campaign for US Senate in Virginia against incumbent Mark Warner. According to Moran, getting caught was actually his plan all along: “I bet $100 on myself, not denying that, I did do it,” he tells WIRED. “I wanted to see if they would enforce it.”