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Republican candidate Laurie Buckhout faces a three-year suspension and a $2,500 fine from prediction market Kalshi for betting on her own campaign.

Republican candidate Laurie Buckhout was suspended by the online prediction market Kalshi for betting on her own campaign. Buckhout, who is challenging U.S. Rep. Don Davis in a House district in northeastern North Carolina, admitted to placing bets of less than $1,000 on her own campaign.

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To settle the case, Buckhout will pay a $2,500 fine and serve a three-year suspension. Kalshi stated that Buckhout cooperated with its inquiry. Buckhout described the user error as a mistake and stated she worked to make it right. Don Davis characterized the activity as a budget-conscious voter's breach of trust, noting that while residents face rising costs of living, Buckhout treated the election as an opportunity to cash in. Buckhout is a retired Army colonel who served in the Trump administration as assistant secretary of war for cyber policy. Kalshi also announced a permanent ban for former U.S. Rep. George Santos for likely insider trading after he profited by betting against his own attendance at the State of the Union address.

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