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Prediction Market Kalshi Bans Former Congressman George Santos

Cryptocurrency prediction market Kalshi has permanently banned former U.S. Representative George Santos following an investigation into suspicious trading activity linked to political events. The platform also imposed a substantial fine, citing violations of its terms regarding market manipulation and insider information.

31 Aug, 15:03 — 31 Aug, 18:26
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High (67/100)
14 sources33/33
Spectrum spread3/5 buckets covered17/33
Far L5
Far Left (5)
The GuardianCNNNYTwapoThe Independent
Left4
Left (4)
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Center (5)
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Right
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Geographic diversity4 regions17/34
US8UK4Intl1Canada1

Sources

Showing 11 of 14 sources
ReutersVery High1h ago

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

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

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APVery High3h ago

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

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

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BBCHigh53m ago

Ex-congressman George Santos banned from betting platform for life

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

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NYTMostly Factual3h ago

Kalshi Permanently Bars George Santos From the Platform

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.

By Lauren McCarthy

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bloombergHigh3h ago

Ex-Congressman Santos Banned for Life by Kalshi After CFTC Case

Ex-Congressman George Santos won’t be able to place another wager on Kalshi Inc. after the prediction market platform banned him for life for allegedly manipulating wagers on his attendance at this year’s State of the Union address.

By Nicola M White

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FTVery High2h ago

Prediction platform Kalshi bans ex-US Congress member for manipulation

Regulator says George Santos made public statements to boost the value of his own bets on whether he would attend the State of the Union address

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wapoMostly Factual3h ago

Kalshi bans former GOP congressman George Santos for life

Santos received the prediction market platform’s first-ever lifetime ban for failing to comply with its investigation, the company said.

By Violet Jira

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The GuardianMostly Factual41m ago

Kalshi bans ex-congressman George Santos from prediction platform for life

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 announced the permanent suspension on Monday, along with a $71,356 fine, after federal regulators accused Santos of profiting from bets tied to his own attendance at Donald Trum...

By Joseph Gedeon in Washington

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cnbcMostly Factual4h ago

Kalshi permanently bans former GOP Rep. George Santos over illegal trading

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.

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globe-and-mailHigh2h ago

Kalshi bans former U.S. lawmaker George Santos for life after insider trading probe

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

By Larry Neumeister

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The IndependentMostly Factual3h ago

Kalshi issues George Santos a lifetime ban and $71,356 fine over suspicious trades

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

By Brittney Donovan

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