ABC News98%
Kalshi suspends 3 congressional candidates for betting on their own races 99%
4/23/2026, 10:45:02 AM
BS Summary: This video contains 29 faulty reasoning types, including Appeal to Emotion, Post Hoc (False Cause), and Appeal to Authority, with Negativity Bias as the most egregious example at 30.4% saturation with 96 hits. Analysis detected 1,028 faulty-reasoning hits from 316 analyzed words, generating a BS Score of 98.7% and a BS Rank of 99% (291 of 16,813 videos). This video is worse (more manipulative) than 98.30% of the video peer group.
This morning, three candidates for federal office have been suspended from the prediction market platform Kelshi,
accused of a kind of insider trading on their own elections.
One of them says he knew he'd get caught.
>> And I'm here to tell you that for $100, I got more attention than anyone has ever gotten with money before.
>> Mark Moran, a Virginia Senate candidate, was fined $6,000.
He says he was trying to prove a point.
>> I've been waiting for this.
And why is that? It's to call attention to something much larger.
How elections can be bought.
>> Prediction markets, which have exploded in popularity, are essentially a stock market for real world events.
People can bet on everything from what the weather will be to when celebrities will get married to who will win the White House.
The more money that's bet on an outcome,
the more the numbers move, giving the impression that a certain result is more likely to happen.
Moran claims it allows wealthy donors to buy public perception.
>> You can buy an election for the low low price of whatever it takes to move a market because then the media reports on that market.
>> Kelshi says the two other politicians, congressional candidates Ezekiel Enriquez of Texas and Matt Klein of
Minnesota, accepted small fines and suspensions for their trades.
Klein called his wager a mistake, blaming his inexperience with the platform.
Enriquez has hasn't commented.
Kelshi says all three were flagged because of our newly released safeguards to block political candidates from trading on their own elections.
But there's a growing push in Washington and in several states to regulate the platforms.
Critics comparing them to gambling platforms.
The Trump administration has defended the markets.
The president's son, Don Jr., is an adviser at Kelshi.
Analysis
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