#mattklein — Public Fediverse posts

#Kalshi suspends, fines 3 candidates for #Congress in ‘#insidertrading’ enforcement
#PredictionMarket said three “were flagged because of our newly released safeguards to block political candidates from trading on their own elections.”
The candidates are #MarkMoran,Virginia candidate for #Senate running as independent; Minnesota Democrat #MattKlein, in primary for 2nd Congressional District; and #EzekielEnriquez of Texas, running in Republican primary for 21st District.
https://www.cnbc.com/2026/04/22/kalshi-insider-trading-congress.html

CNBC: Kalshi suspends, fines 3 congressional candidates in ‘insider trading’ enforcement actions. “Prediction market platform Kalshi said it suspended and fined three candidates for Congress from Minnesota, Texas and Virginia for ‘political insider trading’ activity on their own campaigns.”

#MattKlein makes an interesting point. Spending seems to be growing at a rapid clip, but stuff like the interest we don't receive on our checking account banks earn more than 5% risk-free is imputed as "spending", as if we pay a bank fee. Much of the spending growth seems to be in these kinds of imputed categories, which may be less inflationary than other kinds of "spending". https://theovershoot.co/p/is-consumer-spending-slowing

#economics #finance #MatthewKlein #MatthewCKlein