The online prediction market platform Kalshi 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.

Former Congressman George Santos has been banned from the prediction market site Kalshi for life. The betting site announced several enforcement actions against suspected insider…

Kalshi says Santos did not cooperate with its investigation into bets he placed on his own attendance at the State of the Union. The company also fined the disgraced congressman…