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October 5, 2026
Rep. Don Davis Proposes Ban on Candidate Trading in Prediction Markets
- Rep. Don Davis introduced the "No Betting on Your Own Race Act" to prohibit candidates from trading on their own election contracts.
- Violators could face fines of $10,000 or triple their financial gain from such trades.
- The proposal comes after Republican candidate Laurie Buckhout was penalized for trading on her own election contracts.
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2 Sources
- House Democrat targets candidate prediction market trades after opponent’s Kalshi penaltyOct 5, 2026 at 8:31 PM · CNBC
- The politics of prediction marketsOct 9, 2026 at 9:25 AM · Washington Post