Decrypt • 8/31/2026, 8:16:03 PM
George Santos Bet on Whether He'd Show Up to the State of the Union—Kalshi Just Banned Him for Life WorldPing The exchange found the former congressman placed large trades on his own State of the Union attendance, then made false statements to move prices, profiting nearly $18,000.
Related news WorldPing The Block •
Former U.S. Rep. George Santos has been permanently banned from trading on Kalshi, marking the platform’s first-ever permanent ban.
Brief by WorldPing · Original reporting by The Block
WorldPing Fortune •
Following the ban, Santos said "thanks for the lifetime ban from your gambling platform," in a post on X.
Brief by WorldPing · Original reporting by Fortune
TechCrunch •
The disciplinary action comes two months after the Commodity Futures Trading Commission settled charges against Santos.
Brief by WorldPing · Original reporting by TechCrunch
WorldPing BBC News •
The prediction market operator Kalshi says Santos made barred trades and misleading comments that influenced prices.
Brief by WorldPing · Original reporting by BBC News
WorldPing CoinDesk •
The prediction market platform banned Santos for manipulation as part of the industry's ongoing efforts to show it's dealing with bad behavior.
Brief by WorldPing · Original reporting by CoinDesk
WorldPing Engadget •
The company says the ex-congressman didn't fully cooperate with its investigation into alleged insider trading.
Brief by WorldPing · Original reporting by Engadget
Get every brief the moment it publishes on Telegram @WorldPing .