‘I bet on myself. Literally’: Ex-Congressman George Santos banned for life from Kalshi after making $17,839 from insider trading
Following the ban, Santos said "thanks for the lifetime ban from your gambling platform," in a post on X.
Online prediction market platform Kalshi has permanently banned former U.S. Representative George Santos for insider trading, resulting in a lifetime ban and a $71,356 fine. Santos was found to have made $17,839 from betting on whether he would attend the State of the Union address, a bet that came to fruition despite his claim of being delayed at the airport.
Kalshi also imposed temporary bans and fines on Laurie Buckhout, a North Carolina congressional candidate, and two other candidates for governor in California and Maine. The lifetime ban on Santos prevents him from accessing Kalshi's platform directly or indirectly.
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- Kalshi bans George Santos for betting on State of the Union investing.com
- George Santos Bet on Whether He'd Show Up to the State of the Union—Kalshi Just Banned Him for Life decrypt.co
- Kalshi permanently bans former GOP Rep. George Santos over illegal trading cnbc.com
- Kalshi issues first permanent ban to former Rep. George Santos over State of the Union trading theblock.co
