Feed / Enforcement & compliance
Kalshi permanently bans George Santos and imposes $71,356 manipulation penalty
By The Weekly Edge desk ·
Summary
Kalshi said it permanently banned former US representative George Santos and imposed a $71,356 penalty over alleged manipulation involving contracts on his attendance at Donald Trump’s 2026 State of the Union address. The company alleged that Santos traded while publicly discussing his attendance plans to influence prices. Kalshi said he also failed to cooperate with its investigation.
Why it matters
Kalshi imposed a permanent ban and financial penalty over alleged manipulation involving Santos’s trading and public attendance statements.