San Antonio, TX, August 31, 2026 — Kalshi, a regulated prediction market platform, has announced a lifetime ban for former United States Congressman George Santos. The decision was made after an internal review by the platform determined that Santos likely engaged in insider trading activities.

The specifics of the alleged insider trading were not detailed in the announcement. Kalshi, which operates under regulatory oversight, has not provided further information regarding the timeline or the particular trades that led to this determination.

George Santos, who represented New York’s 3rd congressional district, has faced numerous legal and ethical challenges. He was expelled from the House of Representatives in December 2023 following a vote by his colleagues, largely due to charges related to fraud and money laundering.

The ban by Kalshi means that Santos will no longer be permitted to participate in any markets or activities on the prediction platform. Platforms like Kalshi allow users to trade contracts based on the outcome of future events, operating similarly to financial markets but with a focus on predictions.

Representatives for George Santos did not immediately respond to requests for comment regarding the ban and the allegations of insider trading made by Kalshi. The platform itself has stated that its actions are in line with maintaining market integrity and adhering to its terms of service and regulatory requirements.

The duration of the ban is indefinite, identified by Kalshi as a lifetime prohibition. Further details regarding the investigative process or specific evidence that informed Kalshi’s decision were not publicly disclosed.


Story summarized from the original created by Google News on news.google.com, see more information here.

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