Bill aims at stopping US lawmaker bets on their own elections ahead of midterms
The No Betting on Your Own Race Act will not be addressed before the 2026 US midterms as Congress is on recess until after the election.
A North Carolina congressman has introduced a bill aimed at prohibiting politicians from engaging in betting-related activities on their own elections. Representative Don Davis' No Betting on Your Own Race Act seeks to prevent federal candidates, their campaigns, their spouses, and children from participating in buying, selling, acquiring, disposing of, or holding contracts related to their elections.
The legislation aims to curtail market interference, insider trading, and potential conflicts of interest among lawmakers. While the bill does not explicitly mention prediction market platforms like Kalshi and Polymarket, it refers to "political event contracts," suggesting it targets activities through such companies. Notably, Republican House candidate Laurie Buckhout was suspended for three years and fined $2,590 by Kalshi for trading event contracts related to her race, though no civil or criminal charges were brought.
However, Davis' bill will not come up for consideration until after the 2026 midterm elections, as Congress is currently on recess until after the election. Event contracts on US elections continue to be available on platforms like Kalshi and Polymarket, offering competitive odds on Democrats retaking Congress in 2027.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
