importantSYS.SOURCE: TechCrunch• 2026-08-31T18:53:41Z

Kalshi Imposes Lifetime Ban on George Santos for State of the Union Market Manipulation

#kalshi #george santos #insider trading #policy #financial penalties

Kalshi has banned former Rep. George Santos for life over allegations of betting on his own attendance at President Trump's State of the Union address, citing market manipulation. Santos was fined $71,356 and faced a separate $35,000 CFTC settlement for similar conduct.

The disciplinary action comes two months after the Commodity Futures Trading Commission settled charges against Santos.

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