Kalshi hands George Santos lifetime ban, fine

Disgraced former U.S. Rep. George Santos will no longer be able to trade on the federally regulated prediction market Kalshi after being banned by the company and handed a $71,356 fine for unlawful trading after placing a bet on himself earlier this year. He is the first person to be banned from the platform.

His permanent ban is due to his unwillingness to cooperate with Kalshi during the investigation, according to reports.