House Democrat Don Davis introduces bill to ban federal candidates from trading on own election prediction markets
The "No Betting on Your Own Race Act" seeks to formalize existing platform rules, imposing a fine of $10,000 or three times the net financial gain for violations. This follows his Republican opponent Laurie Buckhout settling with Kalshi for nearly $2,600 for similar trades.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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