WSJ: "Ex-Congressman George Santos Receives Kalshi’s First-Ever Lifetime Ban" . . .
Ex-Congressman George Santos Receives Kalshi’s First-Ever Lifetime Ban
Decision comes after federal regulator alleged Santos made more than $17,000 by placing bets on his attendance at the State of the Union address
By Brian Schwartz and Jack Morphet
Updated Aug. 31, 2026 12:34 pm ET
WASHINGTON—Kalshi said on Monday that it would ban former Republican Rep. George Santos from using its platform for life after a federal regulator alleged that the ex-congressman made more than $17,000 by placing bets on his attendance at President Trump’s State of the Union address.
In addition to the ban, Kalshi said its compliance department had imposed a penalty of $71,356, according to a filing on its website. It marks the first time the company has issued a lifetime ban . . . (rest paywalled)
Link: https://www.wsj.com/politics/ex-congressman-george-santos-receives-kalshis-first-ever-lifetime-ban-b50eeaf1
Decision comes after federal regulator alleged Santos made more than $17,000 by placing bets on his attendance at the State of the Union address
By Brian Schwartz and Jack Morphet
Updated Aug. 31, 2026 12:34 pm ET
WASHINGTON—Kalshi said on Monday that it would ban former Republican Rep. George Santos from using its platform for life after a federal regulator alleged that the ex-congressman made more than $17,000 by placing bets on his attendance at President Trump’s State of the Union address.
In addition to the ban, Kalshi said its compliance department had imposed a penalty of $71,356, according to a filing on its website. It marks the first time the company has issued a lifetime ban . . . (rest paywalled)
Link: https://www.wsj.com/politics/ex-congressman-george-santos-receives-kalshis-first-ever-lifetime-ban-b50eeaf1
