# Mark Moran

**Type:** Person  
**Role:** Virginia Senate candidate, former investment banker  
**Domain:** Internet Finance (Prediction Markets)  
**Status:** Active (political candidate)  

## Overview

Mark Moran is a Virginia Senate candidate and former investment banker who appeared on HBO's "FBoy Island." In April 2026, he deliberately bet on his own Senate race on Kalshi with the stated intent to "expose" the platform's enforcement gaps, creating the first documented case of adversarial self-testing in prediction market insider trading.

## Timeline

- **2026-04-22** — Kalshi publicly announced disciplinary action: 5-year suspension, $6,229 fine, and profit disgorgement for betting on own candidacy. Moran had stated he would impose a "25% vice tax" on Kalshi if elected, creating political incentive to undermine platform credibility.

## Significance

Moran's case represents a novel threat model for prediction market platforms: adversarial actors who treat rule violations as political theater and PR opportunities rather than profit-seeking insider trading. His background as an investment banker suggests sophistication in understanding market mechanisms, while his FBoy Island appearance and political campaign indicate comfort with public controversy. The case demonstrates that prediction market platforms face not just opportunistic insider trading but deliberate adversarial testing designed to create scandals regardless of enforcement response.

## Related

- [[kalshi]]
- [[prediction-market-insider-trading-concentrates-in-three-principal-types-requiring-different-enforcement-mechanisms]]