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Kalshi Bans George Santos for Life Over Bet on His Own SOTU Attendance
Kalshi handed former Rep. George Santos its first lifetime ban and a $71,356 fine for betting on his own State of the Union attendance.
Tulichojua kwanza
- Kalshi imposed its first lifetime ban and $71,356 fine Aug. 31, 2026 over SOTU self-bets.
- Kalshi found violation of rules around insider trading and market manipulation.
- Kalshi concluded Santos likely engaged in insider trading.
- The trading was flagged to federal authorities in February.
Ambacho hakikuwa wazi wakati huo
- No independently verified trade-by-trade timeline, profit figure, or full order text is available in the excerpts provided.
- No confirmed federal settlement, criminal charge, or payment status can be established from the provided sources.
Tulichosema tungefuatilia
- Whether Kalshi releases the full compliance order with communications and fills.
- Whether any federal authority takes further public action after the February referral.
