Escalation: Kalshi bans George Santos for life
Kalshi has permanently barred former congressman George Santos from its platform, its first lifetime ban. The ban took effect August 29 and capped a months-long review of trades he placed on a market he could control, including whether he would attend the February 2026 State of the Union.
Kalshi also fined Santos $71,356 for breaking rules against insider trading and market manipulation. He bet on his own attendance and then made public statements about his plans after placing the trades. The action follows a case by the federal commodities regulator over the same bets.
On the same day, the platform penalized other politicians who wagered on themselves, fining North Carolina House candidate Laurie Buckhout and suspending former Maine gubernatorial candidate Ben Midgley for three years.
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