{
  "id": 4703017,
  "title": "‘I bet on myself. Literally’: Ex-Congressman George Santos banned for life from Kalshi after making $17,839 from insider trading",
  "url": "https://urgent.news/2026/08/31/i-bet-on-myself-literally-ex-congressman-george-santos-banned-for",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-31T19:26:04.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/08/31/george-santos-kalshi-lifetime-ban/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "Following the ban, Santos said \"thanks for the lifetime ban from your gambling platform,\" in a post on X.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "CNBC",
        "title": "Kalshi permanently bans former GOP Rep. George Santos over illegal trading",
        "url": "https://urgent.news/2026/08/31/kalshi-permanently-bans-former-gop-rep-george-santos-over-illegal",
        "published": "2026-08-31T15:03:39.000Z"
      },
      {
        "outlet": "The Block",
        "title": "Kalshi issues first permanent ban to former Rep. George Santos over State of the Union trading",
        "url": "https://urgent.news/2026/08/31/kalshi-issues-first-permanent-ban-to-former-rep-george-santos-over",
        "published": "2026-08-31T15:23:17.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Kalshi bans George Santos for betting on State of the Union",
        "url": "https://urgent.news/2026/08/31/kalshi-bans-george-santos-for-betting-on-state-of-the-union",
        "published": "2026-08-31T19:01:14.000Z"
      },
      {
        "outlet": "Decrypt",
        "title": "George Santos Bet on Whether He'd Show Up to the State of the Union—Kalshi Just Banned Him for Life",
        "url": "https://urgent.news/2026/08/31/george-santos-bet-on-whether-hed-show-up-to-the-state-of-the-union",
        "published": "2026-08-31T20:16:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}