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

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 prediction marketplace platform Kalshi has hit former U.S. Congressman George Santos with its first-ever permanent ban.

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

Kalshi said Monday that it has slapped scandal-ridden former Rep. George Santos with its first-ever lifetime ban after he allegedly made more than $17,000 in illicit bets on the prediction market.

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 faces a lifetime ban from Kalshi after failing to cooperate with the prediction market's investigation into his alleged unlawful trades.

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

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