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Crypto Regulation

Rep. Don Davis Bill Would Fine Candidates at Least $10,000 for Trading on Their Own Races

Rep. Don Davis introduced a bill that would impose fines of at least $10,000 on candidates who trade on their own races, with the measure also covering spouses, children and campaign committees. The bill comes five weeks after Kalshi fined and suspended Davis’ Republican opponent for betting on her own race.

Original source

AI take

The notable feature is scope: extending the prohibition to spouses, children and campaign committees closes the indirect routes that make self-dealing hard to police, and a statutory minimum fine shifts enforcement from platform discretion to law. The timing, five weeks after a platform punished a candidate in the same race, suggests prediction markets are now being treated as an election-integrity issue rather than a novelty. Whether Congress takes up a measure aimed at its own candidates, and whether platforms keep policing this without legislation, is the open question.

Generated by AI for reference only.

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