Kalshi issues first-ever lifetime ban to George Santos over prediction market manipulation
Kalshi permanently banned former U.S. Representative George Santos from its prediction market platform and imposed a $71,356 penalty, marking the platform's first-ever lifetime ban. The ban follows allegations that Santos engaged in manipulative trading by betting on his own attendance at President Trump's State of the Union address, and comes after Santos settled related CFTC charges in July and was referred to the DOJ in June.
Detected & updated continuously · Source: Nebula
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@WSJ
Breaking: Kalshi issued its first-ever lifetime ban to George Santos after the ex-congressman allegedly made bets on his own attendance at a Trump speech https://t.co/EDbZygM5wA
@jsolomonReports
Betting site Kalshi bans George Santos for life after he bets on himself https://t.co/pZSvpNapVR
@TheBlockCo
THE BLOCK: Kalshi says it has permanently banned former Rep. George Santos from using its platform and imposed a $71,356 penalty. The move comes after the CFTC reached a settlement with Santos over allegations that he engaged in manipulative trading while betting on whether he https://t.co/SDntPUwK3q
@qz
George Santos just made prediction market history — not the good kind: Kalshi handed its first-ever lifetime ban to the disgraced former congressman, who allegedly bet against his own public statements about attending… https://t.co/yNU780yDKZ #GeorgeSantos #PredictionMarkets https://t.co/pyx00H3BHa
@qz
Kalshi handed George Santos its first-ever lifetime ban over prediction market manipulation: The company also imposed a $71,356 penalty on the former congressman, who settled related CFTC charges in July https://t.co/k9PVHhXDjV https://t.co/ngcUMA32LR
@nytimes
Breaking News: Kalshi barred the former congressman George Santos for insider trading. It’s the prediction market’s first permanent ban. https://t.co/YcXj3SEFNJ
@MSBIntel
JUST IN: Kalshi permanently bans former Rep. George Santos over State of the Union trading. https://t.co/V8RRsMjjta
@CoinDesk
JUST IN: Kalshi has issued its first lifetime trading ban, targeting ex-Congressman George Santos, accusing him of trading on his own appearance at President Donald Trump’s most recent State of the Union address. https://t.co/QpAooFec9S