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Kalshi bans ex-Congressman George Santos for life after concluding he likely was insider trading

  • Online prediction site Kalshi permanently banned George Santos after finding he likely used insider influence to bet against his own attendance at the State of the Union, pocketing about $17,839 and facing a $71,356 penalty.
  • Santos posted during the speech that he’d been waylaid at the airport, which triggered social media suspicion and helped prompt Kalshi’s investigation and lifetime ban.
  • The episode adds to Santos’s notoriety — he’s a convicted ex-congressman who served a short jail stint before receiving clemency from President Trump.
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