Feed / Enforcement & compliance
Kalshi bars George Santos permanently and levies $71,356 penalty
By SectorWire desk ·
Summary
Kalshi permanently banned former US congressman George Santos and imposed a $71,356 penalty. The platform alleged he traded using non-public information and made misleading statements about whether he would attend Donald Trump's February address to Congress. Santos thanked Kalshi for excluding him and questioned the platform's future.
Why it matters
Kalshi identified suspected trading misconduct, imposed a permanent exclusion and referred the matter to federal authorities.