Laurie Buckhout suspended from Kalshi for betting on own race
Kalshi said Buckhout cooperated with investigators and accepted a $2,500 fine and a three-year trading ban.
- On Monday, prediction market Kalshi suspended North Carolina Republican Laurie Buckhout for three years and fined her $2,500 after she placed bets on her own House election, violating the platform's insider trading rules.
- Kalshi's Rule 5.17 prohibits anyone who is a 'decision maker' or 'has any influence' on an event's outcome from trading on it, according to the disciplinary notice published Monday.
- Buckhout, a retired Army colonel, purchased less than $1,000 in contracts related to her candidacy. 'It was a dumb mistake,' she said in a statement, acknowledging the violation immediately.
- Democratic Congressional Campaign Committee spokesperson Madison Andrus criticized the incident Monday, saying Buckhout's failure to follow basic rules means she cannot be trusted as an ethical representative for North Carolina families.
- Part of a national investigation, Kalshi also permanently banned former Representative George Santos and fined him $71,356, while suspending Democrat Matt Klein for similar insider trading violations.
29 Articles
29 Articles
Mike Johnson's Plan For Power Hit As His 'Essential' Candidate Admits Insider Trading
A plan to hold the House majority, championed by Speaker Mike Johnson (R-LA), took a hit after Republican nominee Laurie Buckhout admitted she bet on her own election. On Monday, the prediction market Kalshi suspended Buckhout for three years and fined her $2,589.96, according to a disciplinary notice from the exchange. Buckhout bought fewer than $1,000 in contracts tied to her own congressional race, the notice said. "I bet on myself. Literal…
Kalshi suspends GOP House candidate for betting on her own
نُشر هذا المقال أولاً عبر Cedarnews.net. لمتابعة المزيد من الأخبار والتقارير الحصرية، زورونا على موقعنا. Kalshi suspends GOP: The initial report was published by The Washington Post about 27 minutes ago. Additional verified details were not immediately available. تم نشر هذا الخبر عبر موقع Cedarnews الإخباري. للاطلاع على مزيد من الأخبار العاجلة والتقارير الحصرية، زوروا موقعنا الرسمي.
“Kalshi suspends GOP House candidate for betting on her own race”
WaPo: Online prediction market Kalshi suspended a Republican House candidate Monday after it found that she was wagering on her own race. The candidate, Laurie Buckhout, is running in a district in northeastern North Carolina, a swing district that Republicans… Continue reading The post “Kalshi suspends GOP House candidate for betting on her own race” appeared first on Election Law Blog.
Kalshi Penalizes Candidate for Betting on Her Race
A North Carolina House candidate just ran into the limits to "betting on yourself." Laurie Buckhout, a Republican challenging Democratic Rep. Don Davis in a battleground district, has been fined $25,000 and barred for three years from prediction platform Kalshi after wagering on her own race. "It was a...
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