Rep. Don Davis introduces bill banning candidates from trading prediction markets on their own elections
U.S. Rep. Don Davis (D-N.C.) introduced legislation that would impose a minimum $10,000 penalty on federal candidates who trade prediction market contracts tied to their own elections. The bill, introduced less than a month before midterm elections, would also cover candidates' spouses, dependent children, and campaign committees, and comes after Davis' Republican opponent was fined and suspended by Kalshi for betting on her own race.
