The proposal comes five weeks after prediction market platform Kalshi issued a 3 year suspension to Republican candidate Laurie Buckhout for trading contracts based on her own candidacy. Buckhout is the political opponent of Rep. Davis.
Tuesday, October 20, 2026
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Rep. Don Davis Introduces Ban on Candidates Trading Their Own Election Contracts
US Politics15 days ago
A newly filed bill would penalize federal candidates, their spouses, dependent children, and authorized campaign committees for trading prediction market contracts tied to their own races. The legislation, introduced by U.S. Rep. Don Davis, mandates a $10,000 fine per violation or a penalty equal to 3 times the net financial gain, whichever amount is larger.
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