Posted Aug 31, 2026 at 2:43 PM UTCRGeorge 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.Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.Richard Lawler
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 this year, amid prediction market frenzy * New York Times: Prediction Markets Should Be Regulated as Gambling, Appeals Court Says
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