The trading platform Kalshi issued a three-year suspension to the candidate, Laurie Buckhout, and fined her nearly $2,600. Ms. Buckhout said she had made a “dumb mistake.”
Kalshi has announced a lifetime ban against disgraced former Rep. George Santos, as well as penalties against three political candidates who bet on their own races.
Laurie Buckhout of North Carolina said she “bet on myself. Literally.”
$71,356 penalty
Santos was a fixture of media headlines and political commentary during his brief stint in Congress.
A battle is brewing between Kalshi, other prediction markets, and the courts. A look at how we got there with Gary Gensler, Former Chair of the SEC (Securities and Exchange Commission). #kalsi #predictionmarkets #sec
Gabriel Perez made over $100,000 on the Kalshi prediction market, per the CFTC.
WASHINGTON (AP) — A former White House teleprompter operator accused of using inside knowledge to make bets on the prediction market Kalshi has been ordered to turn over more than $100,000 in profits and pay a $65,000 fine as part of a settlement with federal authorities. The settlement with the Commodity Futures Trading Commission, announced [...]
Between December 2025 and February 2026, the CFTC said Perez earned $107,500 through prediction-market trades tied to language expected to appear in Trump’s speeches
A legal dispute over the future of Kalshi, Polymarket and others has drawn in the Trump administration, the president’s son and nearly every state attorney general.