The second investigation targeted a long-shot candidate for California governor in violation of Kalshi’s rules for politicians. In a salty tweet sharing news of the investigations, Kalshi co-founder Luana Lopes Lara, using a variation of a popular crude expression, wrote “F***ed around, found out.” Kalshi also suspended Kaptur for two years and imposed a penalty of $20,397.58, using a power granted by the Commodity and Futures Trading Commission for exchanges to impose fines on customers. In the case of the gubernatorial candidate, described as a Nazi sympathizer by a Catholic publication, Kalshi imposed a 5 year ban and a $2,246.36...