The Unpredictable Consequences of Power and Privilege Former US congressman George Santos has been banned from betting platform Kalshi for life, following an investigation into his suspicious behavior on a market tied to whether he would attend President Trump's State of the Union address.
Kalshi's compliance team flagged Santos' trades between February 2 and 25, which included bets based on false or misleading public statements about his plans.
The ban highlights the complex web of relationships between politicians, prediction markets, and regulatory bodies.