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US lawmaker moves to ban candidates from betting on their own elections, with penalties of at least 10,000 dollars, Crypto News reports
- US lawmaker moves to ban candidates from betting on their own elections, with penalties of at least 10,000 dollars, Crypto News reports — Crypto News reports Rep. Don Davis has introduced the No Betting on Your Own Race Act, which would bar federal candidates, their spouses, dependent children and campaign committees from trading contracts tied to their own elections, with a civil penalty of at least 10,000 dollars or three times the net gain. The bill follows Kalshi suspending his opponent Laurie Buckhout for three years and fining her 2,589.96 dollars after she bought under 1,000 dollars of contracts on her own congressional race. (Crypto News)
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