• Home
  • Technology
  • Gaming
  • Entertainment
  • World & Business
  • Science
  • Sports
  • AI
HomeTechnologyGamingEntertainmentWorld & BusinessScienceSportsAI
Technology

Kalshi Bans George Santos for Life Over Trades

Prediction market permanently bars former congressman after probe into his trades.

CN
SA
2 Sources, 29d ago, first seen 29d ago

TLDR

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.

Combined views

36.4K

2 Sources, first seen 29d ago

68 likes17 comments4 saves22 reposts

Combined views

36.4K

2 Sources, first seen 29d ago

68 likes17 comments4 saves22 reposts

Sentiment

Positive——Negative

Summary

Not enough discussion yet.

No sentiment analysis available yet.

Sentiment

Positive——Negative

Summary

Not enough discussion yet.

No sentiment analysis available yet.

2 Sources

@CBSNewsFormer Rep. George Santos has been permanently banned from prediction market Kalshi over trades tied to whether he would attend the 2026 State of the Union address. Kalshi said Santos failed to cooperate with its investigation and that there was “reasonable cause” to believe he engaged in insider trading. Santos, the first person to receive a lifetime ban from the platform, was also ordered to pay more than $71,000.
@StraightArrow__For the first time in its history, the prediction market Kalshi has banned a user for life — former Rep. George Santos. The company announced the ban Monday, saying Santos had not fully cooperated with an insider-trading investigation. Santos made $17,839 by betting against his own State of the Union attendance, but faces a $71,356 Kalshi penalty plus a prior $35,000 CFTC settlement — meaning his roughly $17,500 profit resulted in over $106,000 in combined penalties. Santos didn't take the ban quietly. He took to X, saying, "Let's see how much longer you guys are around for." Do you think the ban is justified? Let us know in the comments.
    • HomeTechnologyGamingEntertainmentWorld & BusinessScienceSportsAI
    • Home
    • Technology
    • Gaming
    • Entertainment
    • World & Business
    • Science
    • Sports
    • AI

    2 Sources

    @CBSNewsFormer Rep. George Santos has been permanently banned from prediction market Kalshi over trades tied to whether he would attend the 2026 State of the Union address. Kalshi said Santos failed to cooperate with its investigation and that there was “reasonable cause” to believe he engaged in insider trading. Santos, the first person to receive a lifetime ban from the platform, was also ordered to pay more than $71,000.
    @StraightArrow__For the first time in its history, the prediction market Kalshi has banned a user for life — former Rep. George Santos. The company announced the ban Monday, saying Santos had not fully cooperated with an insider-trading investigation. Santos made $17,839 by betting against his own State of the Union attendance, but faces a $71,356 Kalshi penalty plus a prior $35,000 CFTC settlement — meaning his roughly $17,500 profit resulted in over $106,000 in combined penalties. Santos didn't take the ban quietly. He took to X, saying, "Let's see how much longer you guys are around for." Do you think the ban is justified? Let us know in the comments.
    Today's Rank

    —

    Not ranked yet

    Today's Rank

    —

    Not ranked yet