A prediction market has banned a Republican congressional candidate from its platform for three years after finding she placed bets on her own election campaign. The suspension follows an investigation into whether the candidate purchased contracts tied to her race against an incumbent Democrat, raising concerns about insider trading in political wagering. The platform’s rules explicitly prohibit participants from betting on their own involvement in an election, though the candidate’s campaign had previously denied any wrongdoing. The case highlights growing scrutiny over the ethical boundaries of prediction markets in high-stakes political races.
Prediction market Kalshi has suspended GOP House candidate Laurie Buckhout from its platform for three years, after it determined she wagered on her own race. After launching her candidacy in North Carolina’s 1st Congressional District last December, Buckhout purchased less than $1,000 worth of contracts related to her race against Rep. Don Davis (D-N.C.), according...
