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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