The Dictatorship
Kalshi suspends 3 political candidates for betting on own elections
The prediction market Kalshi has suspended and fined three political candidates after an internal investigation found they placed bets on the outcomes of their own elections.
It marks one of the most significant steps yet by a U.S. prediction market to police insider behavior as the industry rapidly expands ahead of the 2026 midterm elections. Prediction markets, which allow users to buy and sell contracts tied to real-world outcomes, have surged in popularity but remain under intense scrutiny from lawmakers and regulators. Prediction markets can be opened for any world event from election results to economic indicators to whether President Donald Trump will drink water during the State of the Union.
The candidates include Matt Kleina candidate in the Democratic primary for Minnesota’s 2nd Congressional District; Ezekiel Enriquezwho competed in the Republican primary for Texas’ 21st Congressional District; and Mark Morana former Democrat running as an independent candidate in Virginia’s U.S. Senate primary.
The three cases involved what Kalshi has described as “political insider trading,” violating exchange rules approved by the Commodity Futures Trading Commission, which regulates how platforms like Kalshi operate and are designed to prevent insider trading and conflicts of interest in event-based markets.
Kalshi said the candidates violated its rules by trading on markets in which they had direct influence. Under Kalshi’s policies, individuals who can affect the outcome of an event, such as candidates in their own races, are prohibited from participating in related contracts.
Five-year suspensions and financial penalties were imposed on all three individuals, according to regulatory documents. Klein and Enriquez accepted responsibility through settlements, resulting in reduced sanctions. Disciplinary action was taken against Moran, who acknowledged placing a wager on his own candidacy in what he described as an attempt to draw attention to perceived flaws in the system.
“Finally, one of the moments I’ve been waiting for. YES, I did bet ~$100 on myself on Kalshi because I wanted to get caught…,” Moran said in a lengthy poston X.
“I traded $100 on myself, knowing this would happen (also knowing that I wouldn’t be vying for the democratic nomination) and the attention it would create to highlight how this company is destroying young men and as Senator I will go after Kalshi,” he said.
Klein was fined $539.85, Enriquez received a $784.20 penalty and Moran faces the largest fine at $6,229.30.
“Just like in traditional financial markets, bad actors will try to cheat. Regulated exchanges must constantly evolve and adapt their systems to address insider threats,” Bobby DeNault, the head of enforcement and legal counsel at Kalshi, said in a press release. “These three cases are an example of how developing proactive engineering solutions can help identify illicit trading activity.”
Kalshi said the suspensions underscore its commitment to maintaining fair markets. The company had already moved in recent months to tighten restrictionsincluding plans to preemptively block politicians and athletes from trading on their own campaigns or sporting events. Those measures came amid mounting bipartisan concern in Washington that prediction markets could enable insider trading or manipulation if left unchecked.
The controversy surrounding the three candidates isn’t the first wave of enforcement actions. Earlier this year, Kalshi penalizeda California gubernatorial candidate and a social media influencer for similar violations.
Regulators are also paying closer attention. The CFTC has increased its scrutiny of insider trading cases, while states and federal lawmakers consider new restrictions on the industry. Congress is also considering legislationthat could impose new limits on prediction markets or restrict participation by certain groups, including elected officials and government employees.
Ebony Davis is a breaking news reporter for MS NOW based in Washington, D.C. She previously worked at BLN as a campaign reporter covering elections and politics.
The Dictatorship
Workers begin removing Trump’s name from the Kennedy Center
WASHINGTON (AP) — The curtain may have come down for President Donald Trump at the Kennedy Center but the tarp stays up for now.
Matt Floca, executive director and chief operating officer of the performing arts venue, told a federal court Saturday that the institution had complied with an order to remove Trump’s name from the facade. In a filing, Floca said the board of trustees and the center had removed “all physical signage on the Kennedy Center building and grounds, including the front portico, that purports to rename the Kennedy Center after President Trump.”
But for onlookers who have gathered on the plaza in front of the center over the past day hoping to witness a dramatic moment symbolizing the limits of Trump’s power, it was virtually impossible to see whether the signage was gone. A tarp hung over the scaffolding constructed for workers to perform that task. It was unclear when the tarp might be removed to reveal the original lettering that had endured for decades: “The John F. Kennedy Memorial Center for the Performing Arts.”
A reporter was able to peer through a slight opening in the tarp, which was pulled tightly against the wall, and saw that the letters for Trump’s name were no longer affixed to the building.

A worker constructs scaffolding in front of the John F. Kennedy Center for the Performing Arts sign in Washington, Friday, June 12, 2026. (AP Photo/Cliff Owen)
A worker constructs scaffolding in front of the John F. Kennedy Center for the Performing Arts sign in Washington, Friday, June 12, 2026. (AP Photo/Cliff Owen)
By the end, the Kennedy Center’s leadership had dug in against a federal judge’s order to erase Trump’s name from the building. Two courts rejected the institution’s last-minute request to retain Trump’s name pending an appeal. After severe thunderstorms raked Washington on Friday evening, the Kennedy Center sought one more extension before complying with a noon Saturday deadline.
AP AUDIO: Trump’s name is gone from the Kennedy Center’s facade, according to a top official at the arts venue
AP correspondent Julie Walker reports Trump’s name is gone from the Kennedy Center’s facade, official says.
Those who pushed for the scrubbing of Trump’s name were in a celebratory mood. Rep. Joyce BeattyD-Ohio, an ex officio member of the board who sued to remove references to the president from the building and the center’s operations, was spotted in the plaza late Friday and Saturday morning. She posted a video to social media that purported to show her performing the “Trump dance” in one of the Kennedy Center’s great halls.
“Today’s victory is the beginning of returning the Kennedy Center to the American people,” Beatty said in a statement. “The rule of law prevailed, and that is worth celebrating.”

Women take a selfie as the wall of the John F. Kennedy Center for the Performing Arts is covered in tarp as work continues on the removal of President Donald Trump’s name, Saturday, June 13, 2026 in Washington. (AP Photo/Rahmat Gul)
Women take a selfie as the wall of the John F. Kennedy Center for the Performing Arts is covered in tarp as work continues on the removal of President Donald Trump’s name, Saturday, June 13, 2026 in Washington. (AP Photo/Rahmat Gul)
Leo Bartholomaus, a recent graduate of Syracuse University who lives in Virginia, said he was walking by the Kennedy Center on Friday afternoon after visiting the National Mall to see events related to this weekend’s UFC match at the White House. He said he was not happy that Trump added his name to the building.
“My grandmother had a big love of the arts,” he said. “I’ve been here to see ‘The Lion King.’ I wasn’t a fan of Donald Trump putting his name on it. I thought it was better as the Kennedy Center.”
Closing an unusual chapter
The removal of Trump’s name closes one of the more unusual chapters in the history of the Kennedy Center, which began construction in 1964 and was dedicated to the memory of the slain president, Democrat John F. Kennedy. At what is typically one of the few relatively nonpartisan spaces in Washington, Trump has wielded tremendous influence over the venue during his second term.
Though he rarely discussed the Kennedy Center during his 2024 campaign, Trump moved quickly to oust the institution’s leadership when he returned to office in January 2025 and replaced it with a board of trustees that named him chairman. His name was quickly added to the building.
While the removal of his name marks a setback for Trump, he is moving forward with plans to reshape the physical landscape of the nation’s capital in ways that have few modern parallels.
He demolished the East Wing of the White House and is building a controversial ballroom in its place. He remodeled the Lincoln Memorial Reflecting Pool and plans extensive renovations of a golf course in East Potomac Parkmoves that could significantly reduce the public’s access to running and biking paths. He is also moving forward with a triumphal arch that will sit near Arlington National Cemetery across the Potomac River in Virginia.
Indeed as Trump’s name was being removed from the Kennedy Center, the South Lawn of the White House has been transformed into a venue for a UFC match intended to celebrate the 250th anniversary of American independence but also coinciding with Trump’s birthday on Sunday.

The arena for the UFC Freedom 250 fights on the South Lawn of the White House is photographed Thursday, June 11, 2026, in Washington. (AP Photo/Alex Brandon)
The arena for the UFC Freedom 250 fights on the South Lawn of the White House is photographed Thursday, June 11, 2026, in Washington. (AP Photo/Alex Brandon)
Questions linger about the Kennedy Center’s future
Back at the Kennedy Center, there are many questions about the institution’s future. The same May court decision that ordered Trump’s name to be removed from the building also blocked a planned two-year closure for renovations that was set to begin next month.
The Kennedy Center’s calendar for the weeks ahead include performances of “Moulin Rouge! The Musical” and “Bluey’s Big Play.” Comedian Bill Maher is to be awarded the Mark Twain Award for American Humor during a ceremony on June 28.
But little is scheduled for the stages beyond that and, after substantially reducing staff, it is unclear how quickly the Kennedy Center could build out a robust performance list. Trump, angered by the court’s order to remove his name, has said he would turn the Kennedy Center over to Congress and has suggested it might simply shutter because of public safety concerns.
In its unsuccessful appeal on Friday seeking a pause on the order removing Trump’s name, the Kennedy Center’s leadership argued, in terms that seemed similar to the president’s speech patterns, that the lower court was interfering with needed renovations.
Workers construct scaffolding below the sign for the John F. Kennedy Center for the Performing Arts, Friday, June 12, 2026, in Washington. (AP Photo/Rahmat Gul)
Workers construct scaffolding below the sign for the John F. Kennedy Center for the Performing Arts, Friday, June 12, 2026, in Washington. (AP Photo/Rahmat Gul)
“The District Court is not allowing us to close in order to properly fix up and repair the Building, including potentially life threatening structural damage like beams and parking garage ceilings that are rusted, and in serious danger of falling onto people below,” according to the appeal. “Indeed, total collapse!”
The institution also suggested that the president’s name could return to the building if the Kennedy Center later wins its appeal.
If the court denied the venue’s request for a pause, the Kennedy Center argued it would “be forced to squander time and money — by both removing the signage and then potentially returning it after appeal.”
___
Associated Press journalist Emily Wang contributed to this report.
The Dictatorship
Anthropic says it has taken its latest AI models offline
WASHINGTON (AP) — AI giant Anthropic said Friday it has taken its latest artificial intelligence models, known as Fable 5 and Mythos 5, offline to comply with a directive from the Trump administration to prevent their use by foreign nationals.
The export controls mark the U.S. government’s most significant step to date to restrict access to the most advanced AI models. Anthropic released Fable widely this week. That model is a limited version of the even more advanced Mythos, to which the company has tightly limited access due to cybersecurity fears.
In a statement, Anthropic said it disagrees with the government’s handling of the matter, saying it received the directive from the U.S. government Friday afternoon and it did not specify the national security concerns. “We believe the government should have the ability to block unsafe deployments, as part of a statutory process that is transparent, fair, clear, and grounded in technical facts,” the company said. “This action does not adhere to those principles.”
Anthropic called it a “misunderstanding” and said it hopes to restore access to the models “as soon as possible.”
The Commerce Department did not immediately respond to a request for comment.
The action comes 10 days after President Donald Trump signed an executive order to establish a framework for the federal government to vet the national security risks of the most advanced AI systems for up to a month before their public release. Participation by AI developers would be voluntary, the order said.
The Dictatorship
The Knicks are NBA champs — and New Yorkers share a moment to last a lifetime
When the New York Knicks qualified for the NBA playoffs in 2021, after an eight-year drought, the New York Post reported on that team’s sole postseason victory with the headline“Wild crowd of Knicks fans take over streets after playoff win.”
A friend of mine visiting the city at the time picked up on the palpable Knicks fever, though he was a bit flummoxed at the level of giddiness for a team that won just one game before being bounced from the tournament by the Atlanta Hawks. “This is a basketball town,” I said, “If the Knicks ever actually make a real run at the title, this place will go absolutely insane.”
Now the New York Knickerbockers are NBA champions for the first time since 1973, having defeated the San Antonio Spurs in a five-game series that featured the greatest comeback in NBA finals history. And New York fans are indeed back in the streets, this time in even greater abundance, exploding with joy.
Now the New York Knickerbockers are NBA champions for the first time since 1973, having defeated the San Antonio Spurs in a five-game series that featured the greatest comeback in NBA finals history.
Will Leitch aptly explained why Game 4, when the Knicks rallied from a 29-point deficit at Madison Square Garden, was a microcosm for this squad’s improbable, inspiring, record-breaking playoff run: “For whatever reason, the Knicks spent most of this season toggling themselves on and off, like a circuit breaker. They just toggled themselves off and back on again. But this wasn’t a toggle: This was the smashing of a plunger that blew the roof off an entire building.”
There were doubts that first-year coach Mike Brown would be able to build off the success of his predecessor Tom Thibodeau, whose five-year run ended with the Knicks’ loss in the 2025 Eastern Conference finals, but made the Knicks legitimate title contenders for the first time since Bill Clinton was president. While this team has a lot of talent, it is hardly made of superstars.
Team captain Jalen Brunson made this year’s All-NBA Second Team, but none of the other Knicks made even the third team. Instead, their special sauce is chemistryas Brunson is joined by two of his NCAA Championship-winning Villanova teammates, Josh Hart and Mikal Bridges; New Jersey native Karl-Anthony Towns has won hearts with both his play and candor about personal tragedies he’s endured in recent years; OG Anunoby brings a quiet grittiness and clutch efforts on both sides of the court; and rotation players coming off the bench each knew their role and played with confidence when called on to play.
A Knicks fan went viral this month with the chant, “My mayor’s Muslim / My bagel’s Jewish / My Christian’s Dior / Knicks in four!” The Knicks didn’t win the title in four, but the sentiment captures the atypical warm and fuzzies engendered by the team’s championship run — and the magical, fleeting moments that won’t be forgotten by anyone lucky enough to experience them.
New York, famously not the friendliest of cities, has been tangibly united behind the Knicks. Thousands of people watching the games on a screen outside MSG on Seventh Avenue. Intrepid New Yorkers projecting the ABC broadcasts onto handball walls and the sides of buildings for their neighbors. Staten Island hip-hop legends Wu-Tang Clan rallying the moribund Garden crowd at halftime in Game 4, when the Knicks trailed by 27 points.

Anyone who has been in this city since April, whether they’re a lifelong fan, a late-coming bandwagoneer or a grimacing hater of all things New York sports, has experienced a communal, euphoric, even egalitarian vibe (though it didn’t extend to ticket prices at the Garden). As Alex Kirshner wrote in Slate“What’s happening here is some kind of confluence, one that a lot of people are desperate to bottle up but that might not come around again.”
John Turturro, the veteran actor and native New Yorker, said “one of the joys of being alive” is riding the subway with other fans after a Knicks win. “I’m in this city that no one ever looks at each other and everyone’s talking to each other,” he told CNN.
To be sure, there have been some terrible “fan” moments during the finals — when a creep threw an egg at Spurs star Victor Wembanyama on the sidewalk or when a mob viciously assaulted a Spurs fan outside the Garden after Game 3. And as The Athletic put it with regard to the clout-chasing viral video wannabes doing stupid, dangerous stunts for the clicks, “Attention-seeking knuckleheads are the lone blight on these amazing NBA Finals.” Here’s hoping said knuckleheads don’t spoil the Knicks’ victory parade down the Canyon of Heroes for the rest of us.
Yes, there are longer-suffering fanbases. Yes, New York City’s smug self-regard and disproportionate national media attention will always generate a certain level of resentment. But few fanbases have cared this much, for this long — selling out the Garden nearly every game night, even when the team’s play was abominable and the organization was better known for its toxic environment and comical mismanagement.
New York might be the financial capital of the U.S. and a prime destination for an oligarch’s pied a terre (or two), but most of the 8.5 million of us in this city will never sniff that kind of privilege. This city is prohibitively expensive, it is perpetually dirty and its infrastructure only occasionally functions properly. It is, frankly, often such an exasperating pain that rational adults have been known to regularly question their life choices for still being here.
But the Knicks are champions for the first time in more than a half-century. And these particular Knicks — humble, hard-working, overachievers with personality — reflect a New York we’d all like to believe in. They’ve briefly made us forget our troubles, and allowed us to (mostly) leave politics at the door for a few hours a night.
This victory, by this team of players, has unleashed an unbridled ecstasy from denizens of a place that prides itself on world-weary cynicism — even if that merely conceals a hopeless romanticism just beneath the surface. Go New York, go New York, go!
Anthony L. Fisher is a senior editor and opinion columnist for MS NOW.
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