Democrat Don Davis introduces bill banning politicians from betting on their own races
- —Bill bars candidates, campaigns and families from trading contracts on their own races
- —Penalty set at $10,000 or triple the potential financial gain
- —Targets prediction markets such as Kalshi and Polymarket
- —Consideration delayed: Congress in recess until November, 2026 midterms ahead
Why it matters: The bill sets an early regulatory marker for election prediction markets dominated by Kalshi and Polymarket.
Source: CryptoHamster
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