[CLSTR]
< Back to all clusters
[BUSINESS] · United States · 75 sources

started · updated

Part of situation: Escalating legal and regulatory challenges for Kalshi (137 clusters)

Kalshi issues lifetime ban to George Santos for market manipulation

prediction markets insider trading market manipulation George Santos Kalshi

The prediction market platform Kalshi has issued its first-ever lifetime ban against former U.S. Representative George Santos. The disciplinary action follows an investigation into allegations of insider trading and market manipulation.

Kalshi found that Santos engaged in a scheme to profit from contracts tied to his own attendance at President Donald Trump’s 2026 State of the Union address. According to the platform, Santos placed large trades between February 2 and February 25, making public statements—some of which were described as false or misleading—to influence the price of 'Yes' and 'No' contracts. By wagering on an outcome he could personally influence, Santos reportedly earned a profit of approximately $17,839.

In addition to the lifetime ban, Kalshi imposed a $71,356 penalty on Santos. This follows a separate settlement with the Commodity Futures Trading Commission (CFTC), which had previously ordered Santos to pay over $35,000 and imposed a three-year trading ban for similar activities. Santos has responded to the ban on social media, criticizing the platform.

The enforcement action highlights increasing scrutiny of prediction markets regarding market integrity, conflicts of interest, and the use of non-public information.

Entities

Commodity Futures Trading Commission · Donald Trump · George Santos · Kalshi · Laurie Buckhout · United States House of Representatives

Claims

What the coverage asserts, and how many sources carry each claim.

Sources

CASE STUDY | This Platform Sets Insider Trading Precedent on Enforcement Action for Prediction Markets [bitcoinke.io]
15 days ago
Kalshi Issues First Lifetime Ban for Republican Politician over Insider Bets [bitcoinethereumnews.com]
14 days ago
Kalshi bane George Santos por manipular apostas em plataforma [www.brasilemfolhas.com.br]
14 days ago
Kalshi dishes out its first-ever lifetime ban to George Santos - Engadget [www.engadget.com]
15 days ago
Kalshi bans ex-congressman George Santos over illegal trading [losangelesweeklytimes.com]
15 days ago
George Santos Banned From Kalshi After Betting on His Own Plans [newsfactsnetwork.com]
15 days ago
Kalshi bans former congressman George Santos for life after State of the Union trades [www.npr.org]
16 days ago
Prediction market Kalshi announces lifetime ban against former Rep. George Santos [seacoastoldies.com]
15 days ago
Prediction market Kalshi announces lifetime ban against former Rep. George Santos [thepulseofnh.com]
15 days ago
Plataforma bane George Santos por apostar na própria ausência em evento | CNN Brasil [www.cnnbrasil.com.br]
15 days ago
'An Unserious Company': Santos Fires Back at Kalshi Lifetime Ban [bitcoinethereumnews.com]
15 days ago
Kalshi Bans George Santos For Market Manipulation [blockchainreporter.net]
15 days ago
Kalshi Hands First Lifetime Ban to Republican Over Insider Bets [www.cryptobreaking.com]
14 days ago
Ex-deputado George Santos é banido de plataforma de apostas [www.diariodocentrodomundo.com.br]
15 days ago
George Santos Just Got Hit With Kalshis First-Ever Lifetime Ban - IndiaVision India News & Information [www.indiavision.com]
15 days ago
Kalshi sperrt George Santos dauerhaft und verhängt Geldstrafe wegen Insiderhandel [www.it-boltwise.de]
15 days ago
Ex-congressman George Santos banned from betting platform for life - Kahawatungu [kahawatungu.com]
15 days ago
Kalshi bans former congressman George Santos for life after State of the Union trades [www.ksfr.org]
15 days ago
George Santos obtient la première interdiction à vie émise par Kalshi [www.lebardegandi.net]
15 days ago
Kalshi bans ex-Congressman George Santos for life after concluding he likely was insider trading [looniepolitics.com]
15 days ago
Kalshi bans ex-Congressman George Santos for life after concluding he likely was insider trading [mymotherlode.com]
15 days ago
Fim de Linha Digital: Kalshi Impõe Banimento Vitalício Inédito a George Santos! [www.netthings.pt]
14 days ago
George Santos Gets Lifetime Kalshi Ban Over Trades - TokenPost [www.tokenpost.com]
16 days ago
Kalshi bannit à vie l'ancien membre du Congrès George Santos après les échanges sur l'état de l'Union [www.upreg.fr]
15 days ago
Prediction market Kalshi announces lifetime ban against former Rep. George Santos - WEIS | Local & Area News, Sports, & Weather [weisradio.com]
15 days ago
George Santos se convierte en la primera persona vetada de por vida por Kalshi [abc17news.com]
15 days ago
Prediction market Kalshi announces lifetime ban against former Rep. George Santos [abc30.com]
15 days ago
Kalshi bans ex-lawmaker George Santos for life over trading [americanbazaaronline.com]
15 days ago
Kalshi Permanently Bans George Santos Over State of the Union Trading [coinedition.com]
15 days ago
HISA Suspends Trainer After Highly Bet Horses Test Positive [www.covers.com]
14 days ago
Kalshi bars former congressman George Santos for insider trading [cryptobriefing.com]
15 days ago
Plataforma de apostas Kalshi bane para sempre o ex-deputado americano George Santos [www.estadao.com.br]
15 days ago
Kalshi Dishes Out Its First-Ever Lifetime Ban to George Santos - Slashdot [news.slashdot.org]
15 days ago
Kalshi Hits Santos With Its First-Ever Lifetime Ban [www.joemygod.com]
15 days ago
Ben Crump’s mission, bogus narrative, brain trauma: Catch up on the day’s stories [krdo.com]
15 days ago
Kalshi bans ex-Congressman George Santos for life after concluding he likely was insider trading [krmg.com]
15 days ago
Ben Crump’s mission, bogus narrative, brain trauma: Catch up on the day’s stories [localnews8.com]
15 days ago
George Santos receives Kalshi’s first lifetime ban as insider-trading cases mount [san.com]
15 days ago
Kalshi bans George Santos for insider trades linked to State of the Union [sjvsun.com]
15 days ago
Kalshi hands George Santos lifetime ban, fine [www.longislandpress.com]
15 days ago
George Santos Permanently Banned by Kalshi After Controversial State of the Union Betting Scandal [tdpelmedia.com]
15 days ago
Ish-kongresisti amerikan George Santos përjashtohet përgjithmonë nga platforma e basteve Kalshi [telegrafi.com]
15 days ago
George Santos Gets Kalshi's First Lifetime Ban Over Market [uticaphoenix.net]
15 days ago
Kalshi permanently bars George Santos from the platform [www.westhawaiitoday.com]
15 days ago
Kalshi bans ex-Congressman George Santos for life after concluding he likely was insider trading [www.whec.com]
15 days ago
Kalshi bans ex-Congressman George Santos for life after concluding he likely was insider trading - WSVN 7News | Miami News, Weather, Sports | Fort Lauderdale [wsvn.com]
15 days ago
Prediction market Kalshi announces lifetime ban against former Rep. George Santos [6abc.com]
15 days ago
Prediction market Kalshi announces lifetime ban against former Rep. George Santos [abc11.com]
15 days ago
Prediction market Kalshi announces lifetime ban against former Rep. George Santos [abc13.com]
15 days ago
Prediction market Kalshi announces lifetime ban against former Rep. George Santos [abc7.com]
15 days ago
Prediction market Kalshi announces lifetime ban against former Rep. George Santos [abc7chicago.com]
15 days ago
Prediction market Kalshi announces lifetime ban against former Rep. George Santos [abc7news.com]
15 days ago
Prediction market Kalshi announces lifetime ban against former Rep. George Santos [abc7ny.com]
15 days ago
Kalshi bans ex-Congressman George Santos for life after concluding he likely was insider trading [www.castanet.net]
15 days ago
Former Congressman George Santos Hit With Kalshi's First-Ever Lifetime Ban [www.complex.com]
15 days ago
Betting Platform Hits Ex-Rep. George Santos With Lifetime Ban Over Suspicious Trades, Company’s First Ever [dailycaller.com]
15 days ago
Kladionica doživotno zabranila klađenje jednom od najvećih lažova američke politike [www.index.hr]
15 days ago
Ben Crump’s mission, bogus narrative, brain trauma: Catch up on the day’s stories [kesq.com]
15 days ago
Kalshi bans ex-Congressman George Santos for life after concluding he likely was insider trading [www.kob.com]
15 days ago
Kalshi bans former congressman George Santos for life after State of the Union trades [www.kpbs.org]
15 days ago
Ben Crump’s mission, bogus narrative, brain trauma: Catch up on the day’s stories [kvia.com]
15 days ago
Kalshi bans George Santos for life [www.ms.now]
15 days ago
George Santos Just Made History—in a Bad Way [newrepublic.com]
16 days ago
George Santos responds after unprecedented punishment by Kalshi: ‘Lol’ [www.nj.com]
15 days ago
Kalshi permanently bans George Santos over State of the Union bets | Honolulu Star-Advertiser [www.staradvertiser.com]
15 days ago
George Santos Permanently Banned From Kalshi for Insider Trading [www.thewrap.com]
15 days ago
Kalshi Bans George Santos For Life Over Insider Trading Violations [www.timesnownews.com]
15 days ago
Kalshi bans George Santos for life after insider trading investigation [www.washingtonexaminer.com]
15 days ago
Kalshi bans ex-Congressman George Santos for life after concluding he likely was insider trading [wtop.com]
15 days ago
Kalshi Issues First Lifetime Ban for Republican Politician over Insider Bets [cointelegraph.com]
14 days ago
'I bet on myself. Literally': Ex-Congressman George Santos banned for life from Kalshi after making $17,839 from insider trading [fortune.com]
15 days ago
George Santos Gets Kalshi’s First-Ever Lifetime Ban [gizmodo.com]
15 days ago
Trump makes announcement on healthcare affordability [www.nbcnews.com]
15 days ago
Kalshi bans George Santos for life over State of the Union bets [techcrunch.com]
15 days ago
George Santos Just Got Hit With Kalshi’s First-Ever Lifetime Ban [www.wired.com]
15 days ago