Key Takeaways Don Davis’ bill would bar federal candidates from betting on their own races. Kalshi banned Laurie Buckhout for 3 years, intensifying scrutiny of political betting. FEC would track candidates weekly, under the proposed law, while violations could trigger fines of at least $10,000. Davis Seeks Ban on Candidates Betting on Their Own Elections U.S. Representative Don Davis, D-N.C., has introduced legislation in the House of Representatives to prohibit federal candidates, their immediate family members and their authorized campaign committees from trading prediction market contracts based on the outcome of their own elections. The measure seeks to amend Title …