Kalshi Bans Laurie Buckhout for 3 Years Over Sub-$1,000 Bets on Her Own House Race
Updated
Updated · The New York Times · Aug 31
Kalshi Bans Laurie Buckhout for 3 Years Over Sub-$1,000 Bets on Her Own House Race
3 articles · Updated · The New York Times · Aug 31
Summary
Kalshi barred North Carolina Republican House nominee Laurie Buckhout from its platform for three years and fined her nearly $2,600 after she bought less than $1,000 in contracts tied to her own candidacy.
The platform said the trades violated its rules against using insider information or betting on events a user can influence; Buckhout cooperated with the inquiry and said, “I bet on myself. Literally.”
Buckhout is running in North Carolina’s competitive 1st Congressional District, a race that could matter for control of the House and is viewed by Republicans as a pickup chance against Democrat Don Davis.
Kalshi had already sanctioned three political candidates in April for trying to bet on their own races, underscoring how prediction-market insider trading is spreading from sports into campaigns.