Kalshi permanently banned George Santos from its platform over bets placed on State of the Union speech content. The ban follows a CFTC fine against Santos two months earlier for alleged market manipulation.
Prediction market exchange Kalshi issued its first-ever lifetime ban to former U.S. Representative George Santos on August 31, 2026, and fined him over $71,000 for allegedly attempting to manipulate the market and participating in insider trading.
On August 31, 2026, prediction market operator Kalshi permanently banned former U.S. Representative George Santos for life after determining he engaged in barred trades and made misleading comments that influenced prices. The ban followed a CFTC investigation.
The prediction market platform Kalshi permanently banned former GOP Representative George Santos on August 31, 2026, after he secretly placed bets on whether he would attend the State of the Union address. The platform also issued penalties against three political candidates who bet on their own races.
On August 31, 2026, the prediction market platform Kalshi permanently banned former U.S. Representative George Santos after concluding he likely engaged in insider trading on State of the Union attendance bets. Santos failed to cooperate with the company's investigation and was fined.