A former US Representative has been banned from an online prediction market. This individual, a Republican, is accused of engaging in trading activity that contributed to speculation. The company behind the market made this decision after finding reasonable cause to believe insider trading occurred.

The banned individual turned a significant profit from their actions. Another person, a congressional candidate, was also penalized for their betting activity, which they now regret.

Further details about these enforcement cases are available, including the company's statement on the matter. This is reportedly the company's first permanent ban, with other cases resulting in temporary bans.