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Rep. Don Davis, a North Carolina Democrat, introduced the No Betting on Your Own Race Act, a bill that would bar federal candidates and specified people and campaign bodies connected to them from trading contracts tied to their own elections. Violators would face a civil penalty of $10,000 or three times the net financial gain, whichever is greater, according to Quartz.
The proposal would place a federal restriction on the people involved in the trading, rather than directly penalizing predictio

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