[An American Politician Banned from Using Kalshi for Insider Trading and Fined] Odaily Planet Daily reports that a political candidate who once ran for Governor of California has been banned from using Kalshi for violating insider trading rules. During last year's campaign, the politician bet approximately $200 on their own chances of winning and posted related content on Platform X. Kalshi imposed a five-year ban and a $2,000 fine on them. The description points to Kyle Langford, who is currently running for Congress. Additionally, a YouTube editor was fined approximately $20,000 and banned for two years for conducting market trades worth around $4,000 using non-public information between August and September 2025. CFTC Chairman Mike Selig stated that the agency has established a Prediction Market Advisory Committee to collaborate with industry participants in combating insider trading and warned violators that they will face legal consequences.