The disciplinary action comes two months after the Commodity Futures Trading Commission settled charges against Santos.
This is a short WorldPing brief. The full report was published by TechCrunch.
Read the full report at TechCrunch
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
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 company says the ex-congressman didn't fully cooperate with its investigation into alleged insider trading.
Brief by WorldPing · Original reporting by Engadget
WorldPingThe former US representative was also fined more than $71,000 for allegedly attempting to manipulate the prediction market.
Brief by WorldPing · Original reporting by WIRED
WorldPingFollowing 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
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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