Former Rep. George Santos has received a first-of-its-kind lifetime ban from prediction market platform Kalshi after the ex-congressman made bets on his own attendance at a Trump speech.
Kalshi said on Aug. 28 that it had imposed a penalty of more than $71,000 on Santos and permanently banned him from its platform for betting on his own attendance at President Donald Trump’s 2026 State of the Union address.
Santos, who was expelled from the House of Representatives in 2023, was also fined by the U.S. Commodity Futures Trading Commission (CFTC) a month ago over market manipulation over the incident.
Kalshi spokesperson Elisabeth Diana said it was the first permanent ban in the company’s history….