Kalshi hands George Santos first-ever lifetime ban over insider trading
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Neutral summary
Prediction market Kalshi announced Monday it has permanently banned former Republican Rep. George Santos of New York and fined him $71,356. The company said it found “reasonable cause to believe” Santos engaged in insider trading by betting on whether he would attend President Donald Trump’s State of the Union address in February, then making misleading public statements to boost the value of his wagers. It is the first lifetime ban Kalshi has ever imposed. Santos, who was expelled from the House in 2023 and had his prison sentence commuted by Trump last year, mocked the platform in response.
How it was framed
Outlets: 24. Countries: 6. Facts in the shared core: 7.
Publication timeline
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Newsweek (outlet profile)
George Santos Gets First Ever Lifetime Kalshi Ban, Former Congressman Responds. George Santos mocked Kalshi after receiving the prediction market's first-ever lifetime trading ban.
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CBS News (outlet profile)
Kalshi bans ex-congressman George Santos for life after suspicious trades. George Santos faces a lifetime ban from Kalshi after failing to cooperate with the prediction market's investigation into his alleged unlawful t…
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CNBC (outlet profile)
Kalshi permanently bans former GOP Rep. George Santos over illegal trading. Former GOP Rep. George Santos, of New York, has drawn fire for allegedly trading on whether he would attend this year's State of the Union addr…
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New York Post (outlet profile)
Kalshi slaps scandal-ridden George Santos with first-ever lifetime ban over shady bet. Kalshi said Monday that it has slapped scandal-ridden former Rep. George Santos with its first-ever lifetime ban after he allegedly…
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The Independent (outlet profile)
Kalshi issues George Santos a lifetime ban and $71,356 fine over suspicious trades. Santos was previously ousted from Congress and U.S. President Donald Trump commuted his prison sentence last year
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Wired (outlet profile)
George Santos Just Got Hit With Kalshi’s First-Ever Lifetime Ban. The former US representative was also fined more than $71,000 for allegedly attempting to manipulate the prediction market.
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NBC News (outlet profile)
Kalshi bans George Santos for betting on himself. The prediction marketplace platform Kalshi has hit former U.S. Congressman George Santos with its first-ever permanent ban.
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G1 (outlet profile)
Ex-deputado dos EUA George Santos é banido para sempre de plataforma de apostas, diz imprensa americana. A plataforma de mercado de previsões Kalshi anunciou um banimento permanente do ex-deputado americano George Santo…
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The Independent (outlet profile)
Ex-Congressman receives Kalshi’s first-ever lifetime ban
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The Hill (outlet profile)
Kalshi bans Santos for life over bets on State of the Union attendance. The prediction market Kalshi is permanently banning former Rep. George Santos (R-N.Y.) from its platform for failing to cooperate in an investigati…
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Engadget (outlet profile)
Kalshi dishes out its first-ever lifetime ban to George Santos. The company says the ex-congressman didn't fully cooperate with its investigation into alleged insider trading.
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Financial Times (outlet profile)
Prediction platform Kalshi bans ex-US Congress member for manipulation. Regulator says George Santos made public statements to boost the value of his own bets on whether he would attend the State of the Union address
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NBC News (outlet profile)
Kalshi permanently bans George Santos after he secretly bet on himself. Kalshi has issued a lifetime ban to former Rep. George Santos after he secretly placed a bet against his own unannounced plans to attend the State…
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O Globo (outlet profile)
Kalshi bane permanentemente da plataforma o ex-deputado George Santos, filho de brasileiros. A Kalshi, plataforma de mercados de previsão, baniu permanentemente George Santos, ex-deputado de Nova York, e aplicou uma mul…
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Clarín (outlet profile)
Plataforma Kalshi veta a excongresista de EE.UU. por operar con información privilegiada. Kalshi penalizó al exlegislador por beneficiarse de apuestas manipuladas con información confidencial sobre un evento político. E…
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Folha de S.Paulo (outlet profile)
Kalshi multa e bane George Santos por aposta em discurso de Trump. A empresa de mercados de previsão Kalshi informou nesta segunda-feira (31) que aplicou uma multa de mais de US$ 71 mil (R$ 368 mil) ao ex-deputado dos E…
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Gazeta do Povo (outlet profile)
Ex-deputado dos EUA filho de brasileiros é banido de plataforma por aposta sobre discurso de Trump. O republicano George Santos teria faturado US$ 17 mil apostando que ele próprio não compareceria a um discurso de Trump…
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BBC News (outlet profile)
Ex-congressman George Santos banned from betting platform for life. The prediction market operator Kalshi says Santos made barred trades and misleading comments that influenced prices.
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UOL (outlet profile)
Kalshi multa e bane George Santos por aposta em discurso de Trump
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Коммерсантъ (outlet profile)
В США экс-конгрессмену пожизненно запретили делать ставки из-за инсайдерства. Американская платформа для ставок Kalshi пожизненно запретила делать у себя ставки бывшему конгрессмену от Республиканской партии Джорджу Сан…
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UOL (outlet profile)
Empresa bane George Santos permanentemente por causa de apostas relacionadas ao discurso sobre Estado da União. WASHINGTON, 31 Ago (Reuters) - A empresa de mercado de previsão Kalshi informou nesta segunda-feira que apl…
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TechCrunch (outlet profile)
Kalshi bans George Santos for life over State of the Union bets. The disciplinary action comes two months after the Commodity Futures Trading Commission settled charges against Santos.
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ABC News (outlet profile)
Kalshi announces lifetime ban against former Rep. George Santos. Kalshi has announced a lifetime ban against disgraced former Rep. George Santos, as well as penalties against three political candidates who bet on their…
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The Jerusalem Post (outlet profile)
Kalshi permanently bans George Santos over State of the Union speech bets. Santos, who was expelled from the House of Representatives in 2023, was also fined by the US Commodity Futures Trading Commission a month ago f…
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Metropoles (outlet profile)
George Santos é a 1ª pessoa banida para sempre de plataforma de apostas. Ex-deputado norte-americano e com descêndencia brasileira, e que foi expulso do Congresso dos EUA, enfrenta acusações de influenciar apostas
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The Hill (outlet profile)
Kalshi bans George Santos for life. {beacon} Technology Technology   The Big Story Kalshi bans George Santos for life The prediction market Kalshi is permanently banning former Rep. George Santos (R-N.Y.) from its…
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CBS News (outlet profile)
Kalshi bans George Santos for life. The prediction market Kalshi is banning former Republican Rep. George Santos of New York for life. The company was investigating allegations that Santos engaged in insider trading ove…
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Time (outlet profile)
Kalshi Is Imposing Its First-Ever Lifetime Ban on Former Rep. George Santos. Here’s Why. The prediction-market exchange said it established “reasonable cause to believe” that Santos participated in insider trading.
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Poder360 (outlet profile)
Kalshi bane George Santos para sempre por manipular apostas. Ex-deputado dos EUA fez apostas sobre a própria presença em discurso de Trump; plataforma também aplicou multa de US$ 71.356
Factual core
- Kalshi announced a lifetime ban against former Rep. George Santos.
- The ban is Kalshi's first-ever lifetime ban.
- The investigation concerned a bet on George Santos's attendance at the 2025 State of the Union address.
- The ban is permanent.
- Kalshi, a US prediction market platform, permanently banned former US Congressman Michael J. Collins from its platform.