WorldPingKalshi says Santos did not cooperate with its investigation into bets he placed on his own attendance at the State of the Union. The company also fined the disgraced congressman more than $71,000.
This is a short WorldPing brief. The full report was published by NPR Top.
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WorldPingFormer 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
WorldPingThe 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.
Brief by WorldPing · Original reporting by Decrypt
The disciplinary action comes two months after the Commodity Futures Trading Commission settled charges against Santos.
Brief by WorldPing · Original reporting by TechCrunch
WorldPingThe prediction market operator Kalshi says Santos made barred trades and misleading comments that influenced prices.
Brief by WorldPing · Original reporting by BBC News
WorldPingThe company says the ex-congressman didn't fully cooperate with its investigation into alleged insider trading.
Brief by WorldPing · Original reporting by Engadget
WorldPingThe 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
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