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2 clusters · 8 sources · 1 days · First seen 11 days ago · Last updated 11 days ago

Kalshi disciplinary actions against political figures

Overview

The prediction market platform Kalshi has issued disciplinary actions and fines against several political figures for wagering on their own campaigns or candidacies.

Republican nominee Laurie Buckhout was fined $2,500 and received a three-year ban after betting on her own race for North Carolina’s 1st Congressional District. Buckhout characterized the incident as a “dumb mistake” and cooperated with the platform’s inquiry.

In related actions, Kalshi suspended former Maine Republican gubernatorial candidate Ben Midgley for three years and fined him $5,434 for wagering on his primary candidacy. The platform also issued a permanent ban and a $71,356 fine to former New York Representative George Santos. Kalshi noted that these wagers violated rules prohibiting trading by individuals who act as a “decision maker” or possess influence over an event’s outcome.

Entities

Kalshi · Ben Midgley · Laurie Buckhout · George Santos · Don Davis

Timeline

11 days ago

[BUSINESS] 2 sources
Kalshi bans Maine Republican for betting on own candidacy
Kalshi has suspended Maine Republican candidate Ben Midgley for three years and fined him for betting on his own gubernatorial candidacy, violating the platform's rules against decision-makers trading.
11 days ago

[POLITICS] 6 sources
Laurie Buckhout fined and banned from Kalshi for betting on own race
Republican North Carolina congressional candidate Laurie Buckhout was fined $2,500 and banned from Kalshi for three years after betting on her own election race.

Sources

centralmaine.com · covers.com · gamblingnews.com · internewscast.com · offthepress.com · polialert.com · pressherald.com · washingtonexaminer.com