Prediction market startup Kalshi permanently bans ex-US lawmaker Santos from trading

Kalshi bans ex-Congressman George Santos for life after concluding he likely was insider trading

The online prediction market platform Kalshi said Monday that it has permanently banned former U.S. Rep. George Santos after concluding the former Republican congressman likely engaged in insider trading when he bet against his attendance at the State of the Union address.The company announced the ban after saying its compliance department had established reasonable cause to believe Santos engaged in insider trading over his attendance at the ad…

Prediction market startup Kalshi permanently bans ex-US lawmaker Santos from trading

Kalshi permanently banned former U.S. congressman George ​Santos from its platform on ‌Monday and imposed a penalty of $71,356, citing insider trading.

George Santos gets first ever Lifetime Kalshi ban, former congressman responds

George Santos responded after Kalshi issued its first-ever lifetime ban, mocking the prediction market on X after insider trading allegations.

George Santos is the first person banned from Kalshi for life.

Kalshi says that in February, the former Republican congressman “placed a series of large trades in a market where the underlying contracts depended upon his own attendance” at the State of the Union. He’s now permanently banned and penalized $71,356. In other news about everything being gambling now: * Columbia Journalism Review: Polymarket’s AI Is Feeding Users Fabricated Information * CNN: Young adults under 21 traded $5 billion on Kalshi thi…

George Santos gets lifetime ban from Kalshi prediction market

The company also imposed a $71,356 penalty on the former congressman, who settled related CFTC charges in July

Ex-Congressman George Santos Receives Kalshi’s First-Ever Lifetime Ban

Ex-Congressman George Santos Receives Kalshi’s First-Ever Lifetime Ban