Ex-Congressman George Santos Receives Kalshi’s First-Ever Lifetime Ban

Ex-Congressman George Santos Receives Kalshi’s First-Ever Lifetime Ban  wsj.com

The prediction-market exchange said it established “reasonable cause to believe” that Santos participated in insider trading.

The prediction market Kalshi is banning former Republican Rep. George Santos of New York for life. The company was investigating allegations that Santos engaged in insider trading over a bet on his attendance at this year's State of the Union address. NOTUS political reporter Kadia Goba and Puck Capitol Hill correspond

Meanwhile, a federal appeals court ruled 3-0 that states can regulate prediction markets like gambling

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 more than $71,000.

A federal regulator accused the former Republican congressman of unlawfully betting on whether he would attend President Donald Trump’s State of the Union address.

Following the ban, Santos said "thanks for the lifetime ban from your gambling platform," in a post on X.

August 31, 2026 3:16 PM ET Prediction market Kalshi issued its first-ever lifetime ban Monday against former Republican New York Rep. George Santos over alleged insider bets.The lifetime ban is linked to Santos for allegedly placing insider bets on whether he would attend the 2026 State of the Union, according to the A

Santos, who was expelled from the ​House of Representatives in 2023, was also fined by the US Commodity Futures Trading Commission a month ago for alleged market manipulation over the incident.

Kalshi has announced a lifetime ban against disgraced former Rep. George Santos, as well as penalties against three political candidates who bet on their own races.

The disciplinary action comes two months after the Commodity Futures Trading Commission settled charges against Santos.

Santos was accused of profiting from bets tied to his attendance at Trump’s State of the Union address George Santos, the former Republican congressman whose political career collapsed under a mountain of lies, has become the first person ever handed a lifetime ban by the prediction-market platform Kalshi. The company

The prediction market operator Kalshi says Santos made barred trades and misleading comments that influenced prices.

The online prediction market platform Kalshi said Monday that it has permanently banned former U.S. Rep. George Santos after concluding the former Republican congressman likely engaged in insider trading when he profited by betting against his attendance at the State of the Union address. The company announced the ban

Kalshi Issues Its First Lifetime Ban to None Other Than George Santos  New York Magazine

Prediction market company Kalshi permanently banned former Republican Rep. George Santos from its platform Monday and imposed a $71,356 penalty after determining that he manipulated contracts tied to his own attendance at President Donald Trump’s 2026 State of the Union address. Kalshi alleged that Santos placed a seri

Kalshi permanently bans George Santos over State of the Union bets  Reuters

North Carolina Republican hopeful Col. Laurie Buckhout, who is vying in a swing district, got reprimanded Monday for placing a bet on Kalshi about her campaign.

Kalshi has issued a lifetime ban to former Rep. George Santos after he secretly placed a bet against his own unannounced plans to attend the State of the Union.

George Santos becomes first person to get lifetime ban from Kalshi  CNN

Prediction market Kalshi has permanently banned former Republican congressman George Santos from its platform on Monday over alleged illegal trades.

Ex-Congressman bet against his attendance at a State of the Union address

The company announced the ban after saying its compliance department had established reasonable cause to believe Santos engaged in insider trading over his attendance at the State of the Union, when he turned a $17,839 profit on his trading activity.

The company says the ex-congressman didn't fully cooperate with its investigation into alleged insider trading.

The prediction market Kalshi is permanently banning former Rep. George Santos (R-N.Y.) from its platform for failing to cooperate in an investigation over wagers he placed on this year’s State of the Union. Kalshi, in filings published Monday, said Santos will face both a lifetime ban and an additional $71,356 financia

George Santos Banned From Kalshi For Life After Platform Concluded He Was Likely Insider Trading  HuffPost

The prediction market said it had barred George Santos, the former congressman from New York, and fined him $71,356 over evidence he engaged in insider trading.

The online prediction market platform Kalshi said Monday that it 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.

The former US representative was also fined more than $71,000 for allegedly attempting to manipulate the prediction market.

Santos was previously ousted from Congress and U.S. President Donald Trump commuted his prison sentence last year

Kalshi bans ex-Congressman George Santos for life after concluding he likely was insider trading  Toronto Star

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

Kalshi bans ex-Congressman George Santos for life after concluding he likely was insider trading  AP News

Former GOP Rep. George Santos, of New York, has drawn fire for allegedly trading on whether he would attend this year's State of the Union address.

George Santos mocked Kalshi after receiving the prediction market's first-ever lifetime trading ban.

The company also imposed a $71,356 penalty on the former congressman, who settled related CFTC charges in July

Former Rep. George Santos (R-NY) became the first person ever to receive a lifetime ban from the online prediction market Kalshi. Santos, who was expelled from Congress in 2023, illegally made a series of large bets in February 2026 over whether or not he would attend President Donald Trump’s State of the Union address