Kalshi announced a permanent ban on former Rep. George Santos. The company stated he failed to cooperate with its investigation into trades tied to the 2026 State of the Union address. CBS News and Straight Arrow reported Kalshi found reasonable cause to believe Santos engaged in insider trading. The posts note Santos bet against his own attendance at the event. This marks the first lifetime ban in the platform's history according to the accounts shared.
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Prediction market permanently bars former congressman after probe into his trades.
Kalshi announced a permanent ban on former Rep. George Santos. The company stated he failed to cooperate with its investigation into trades tied to the 2026 State of the Union address. CBS News and Straight Arrow reported Kalshi found reasonable cause to believe Santos engaged in insider trading. The posts note Santos bet against his own attendance at the event. This marks the first lifetime ban in the platform's history according to the accounts shared.