Feed / Enforcement & compliance
By SectorWire desk ·
Kalshi has permanently banned former congressman George Santos. Polymarket also terminated its paid arrangement with Santos earlier this year following a wager concerning the State of Union address.
Santos has lost access to Kalshi and his paid relationship with Polymarket.
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Kalshi’s lifetime ban of Santos demonstrates participant exclusion as a disciplinary response to market manipulation.
Reported wash trading estimates and sports betting concentration put prediction platforms’ trading integrity and younger users under scrutiny.
Kalshi identified suspected trading misconduct, imposed a permanent exclusion and referred the matter to federal authorities.
Kalshi’s first permanent exclusion demonstrates its enforcement response to alleged manipulation of political prediction contracts.
Kalshi’s disciplinary cases address candidates buying contracts linked to themselves and alleged market manipulation.
Kalshi imposed a permanent ban and financial penalty over alleged manipulation involving Santos’s trading and public attendance statements.