Bill Introduced to Ban Federal Candidates from Trading in Prediction Markets
- 1Rep. Don Davis introduced a bill on Monday to prohibit federal candidates from trading prediction market contracts related to their own elections.
- 2The bill imposes a fine of either $10,000 or three times the net profit gained from the trade, whichever is greater, for violations.
- 3Lori Berkhaut was suspended from Kalshi for three years after paying a fine of just under $2,600 in August.
So what's the key point?
A bill has been introduced to prevent election candidates from betting on their own election results. Violators must pay a fine of either $10,000 or three times the amount they earned, whichever is larger.
Source CNBC · View original ↗
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