Kalshi Bans GOP House Candidate for 3 Years After She Bet on Her Own Race

Prediction market Kalshi suspended Republican House candidate Laurie Buckhout for 3 years after finding that she had placed bets on her own race.

Buckhout is challenging Democratic Representative Don Davis in North Carolina's 1st Congressional District.

The Fine Costs More Than the Wager

Buckhout bought less than $1,000 in contracts related to her own candidacy, according to the disciplinary notice Kalshi published. She agreed to pay a penalty of $2,589.96, more than the bet itself.

Kalshi rule 5.17(z) bars any trader with direct or indirect influence over an event from trading that contract. A candidate on the ballot meets that test.

The prediction market said Buckhout cooperated with its inquiry. She accepted the findings and also agreed to the ban and the penalty.

"I bet on myself. Literally. It was a dumb mistake, and as soon as I learned there was an issue, I worked to make it right. Safe to say my career as a Kalshi trader was short-lived," Laurie Buckhout said.

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