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      U.S. House Democrat Proposes Bill to Ban Candidate Trades in Prediction Markets

      A new bill has been introduced by a House Democrat aimed at prohibiting federal candidates from engaging in trades on prediction market contracts that pertain to their own elections. This legislative move follows a recent penalty imposed on a candidate by Kalshi, a prediction market platform, for similar activities.

      Under the proposed legislation, candidates found to be trading in these markets would face fines for violations. The bill seeks to address concerns regarding the potential for conflicts of interest and the integrity of electoral processes in the United States. The introduction of this bill highlights ongoing discussions about the regulation of prediction markets and their impact on political campaigns.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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