Kalshi Issues First Permanent Ban Against Former Representative George Santos

Prediction market platform Kalshi has permanently banned former U.S. Representative George Santos, marking the platform's first permanent ban of an individual. Santos was fined over $71,000 for violating platform rules by trading on contracts related to his own attendance at the State of the Union address. The Commodity Futures Trading Commission (CFTC) previously reached a $35,000 settlement with Santos, alleging he manipulated contract prices through public statements. As prediction markets grow, concerns over insider trading have intensified, leading pla