Kalshi Banned Former US Rep. George Santos for Life Over Insider Trading Suspicions
Kalshi, a prediction-market exchange, has permanently banned former US Representative George Santos from accessing its platform. The lifetime ban was imposed by Kalshi's Compliance Department after finding 'reasonable cause to believe' that Santos engaged in insider trading and market manipulation.
The ban is the first permanent penalty of its kind at Kalshi and may increase regulatory scrutiny for crypto and DeFi prediction markets. It underscores exchange security and compliance enforcement risks.