Kalshi Suspends Three Candidates for Self-Betting Violations
- Violation of Trading Rules: Kalshi suspended three political candidates after an internal review revealed they placed bets on their own election races, which, despite being small amounts, were classified as political insider trading, highlighting the platform's strict regulatory stance.
- Fines Imposed: Candidate Ezekiel Enriquez was fined $784 for betting less than $100, Matt Klein received a $539 fine, and Mark Moran faced a $6,229 penalty, reflecting Kalshi's zero-tolerance policy towards rule violations.
- Increased Market Scrutiny: This incident has intensified scrutiny from lawmakers regarding prediction markets, with critics arguing that candidate trading could lead to market manipulation, potentially impacting Kalshi's future operations and compliance strategies.
- Donation Initiative: Kalshi plans to donate the fines to a nonprofit organization aimed at educating consumers about financial markets, demonstrating the company's commitment to social responsibility in addressing violations.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X). As of , X Empire (X) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 4 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for X stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, X is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000889 | 0.0000102 | 0.0000113 | 0.0000126 | 0.0000137 | 0.0000149 | 0.0000161 |
| Fibonacci | 0.0000102 | 0.0000111 | 0.0000116 | 0.0000126 | 0.0000135 | 0.000014 | 0.0000149 |
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