Ah, new and different ways to cheat! Is this a great country, or what?

Kalshi is an online prediction gambling operation where users can bet on everything from how long the government shutdown will last to Oscar winners to what show will top Netflix’s streaming numbers in a given week. Naturally political bets are particularly popular.

And, also naturally, some users will try to cheat by betting on matters they have some control over or insider information about. Last week Kalshi slapped down and fined three political candidates who tried to bet on their own races: Mark Moran, an independent running for U.S. Senate in Virginia, Ezekiel Enriquez, a former Republican congressional candidate in Texas, and Matt Klein, a Democratic Minnesota state senator who is running for Congress.

Kalshi’s head of enforcement and legal counsel said that the sanctions are part of Kalshi’s “proactive engineering solutions” to “identify illicit trading activity.” Kalshi’s rules were recently updated to ban politicians from betting on their own candidacies. I see no difference between a candidate doing this and a baseball player (like the late Pete Rose) betting for or against his own teams. The New York Times fatuously writes, “It’s unclear if they were trading in a manner that was relying on inside information.” What? By definition the bets were based on inside information: every candidate is an insider regarding his or her own race! What if the candidate knows a personal scandal is ready to break? What if he or she knows money is running out, or the campaign’s polls look dire?