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.
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…
North Carolina candidate in battleground race penalized for betting on her campaign
A Republican seeking to flip a key battleground district in North Carolina has been fined and suspended by the prediction market Kalshi after she bet on her campaign. Laurie Buckhout, a retired Army colonel running against Democratic Rep. Don Davis, will pay a $25,000 fine and is suspended from the platform for three years. “I […]
Carolina Coast Online
Carolina JournalKalshi suspends NC-1 candidate Buckhout for trading on her own race
Republican congressional nominee Laurie Buckhout has been fined and suspended from prediction market Kalshi after trading contracts tied to her own candidacy, according to a disciplinary notice made public Monday.
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