Three congressional candidates are accused of betting on their own elections through the prediction market Kalshi. On Wednesday, Kalshi said it fined and suspended the men for five years. It is the latest case to highlight ongoing concerns about insider trading on prediction markets like Kalshi and Polymarket. The accused include Mark Moran, running as an independent in Virginia; Zeke Enriquez, a former Texas Republican primary candidate; and Matt Klein, a Democratic state senator in Minnesota. Moran admitted to betting $100 on himself. He was fined $6,200, while Klein and Enriquez settled for smaller penalties.

Ex-NBA player and assistant coach Damon Jones is expected to become the first person to plead guilty in a gambling sweep that led to the arrests of more than 30 people, including reputed mobsters and other basketball figures. A change of plea hearing for Jones is scheduled for May 6 in Brooklyn federal court. That's according to a court filing on Thursday. The 49-year-old Jones had previously pleaded not guilty to separate indictments charging him with profiting from rigged poker games and providing sports bettors with non-public information about injuries to stars LeBron James and Anthony Davis. A message seeking comment was left for his lawyer, Kenneth Montgomery.