Santos banned by Kalshi over attendance bets and market manipulation claims

George Santos was barred from Kalshi’s prediction-market platform after Kalshi Compliance said he placed several large bets on whether he would attend events (including the State of the Union) and made public statements intended to sway contract prices, actions tied to an ongoing federal probe that led to a $35,000 CFTC settlement. The move mirrors broader scrutiny of Santos’ trading activity in prediction markets, with Kalshi also banning two other political hopefuls for similar conduct, while Santos publicly criticized the bans on social media.