Kalshi Suspends N.C. GOP Candidate for U.S. House
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.
16 Articles
16 Articles
GOP scheme to keep power battered as 'essential' candidate admits betting on own election
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. Literally," B…
Kalshi Bans GOP Nominee For Betting On Own Race
The Washington Examiner reports: Laurie Buckhout, the Republican nominee for North Carolina’s 1st Congressional District, has been suspended from the prediction market platform Kalshi for three years and fined over $2,500 after betting on her own race. Kalshi announced the suspension on Monday, saying Buckhout had violated the platform’s rules for placing a bet on … The post Kalshi Bans GOP Nominee For Betting On Own Race appeared first on Joe.M…
Republican congressional candidate penalized by Kalshi for improper betting
Republican candidate Laurie Buckhout was fined over $2,500 and barred from the betting site for three years. The Republican congressional candidate is accused of betting on her own campaign. The post Republican congressional candidate penalized by Kalshi for improper betting appeared first on Cardinal & Pine.
Laurie Buckhout suspended from Kalshi for betting on own race
Laurie Buckhout, the Republican nominee for North Carolina’s 1st Congressional District, has been suspended from the prediction market platform Kalshi for three years and fined over $2,500 after betting on her own race. Kalshi announced the suspension on Monday, saying Buckhout had violated the platform’s rules for placing a bet on her own campaign after announcing her candidacy. The platform noted that Buckhout cooperated with its inquiry into …
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