Feed / Enforcement & compliance
Kalshi permanently bans George Santos and imposes $71,356 fine
By SectorWire desk ·
Summary
Kalshi permanently banned former US representative George Santos and imposed a $71,356 fine. Kalshi alleged that he used misleading statements to manipulate contracts concerning his attendance at Donald Trump's State of the Union address. The company said Santos profited by $17,839 and described the ban as its first permanent exclusion.
Why it matters
Kalshi’s first permanent exclusion demonstrates its enforcement response to alleged manipulation of political prediction contracts.