Kalshi permanently bans George Santos over State of the Union bets
TL;DR Summary
Kalshi permanently banned former Rep. George Santos and fined him about $71,356 for trading on his own attendance at this year’s State of the Union address, allegedly trying to influence Yes/No contracts with public statements and violating the platform’s non-public information rules. The action follows a prior CFTC penalty and Santos’s expulsion from Congress; Kalshi also settled penalties with three other candidates for similar trades.
- Kalshi permanently bans former GOP Rep. George Santos over illegal trading CNBC
- Kalshi Permanently Bars George Santos From the Platform The New York Times
- Ex-Congressman George Santos Receives Kalshi’s First-Ever Lifetime Ban WSJ
- Kalshi fines Republican in key House race, bans George Santos for life, after insider trading probes CNN
- Kalshi bans former GOP congressman George Santos for life The Washington Post
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