Don Davis introduces bill banning candidates from trading on their own elections
By The Weekly Edge desk · · Updated
Summary
Don Davis, a US representative, introduced legislation to prohibit federal candidates from trading prediction market contracts on their own elections, Online Poker Report reported. The proposal would impose a $10,000 fine or three times the trade’s net financial gain, whichever is greater. It follows Kalshi’s action against his Republican opponent, Laurie Buckhout, over trades on her campaign.
Why it matters
Federal candidates would face financial penalties for trading prediction market contracts on their own elections under the proposed legislation.