Kalshi Bans George Santos Over Insider Trading
Prediction market Kalshi permanently banned former U.S. congressman George Santos and levied a penalty of over 70000 dollars following an insider trading investigation. The platform reported Santos to the Department of Justice earlier this year.
Prediction market Kalshi banned former United States lawmaker George Santos on Monday afternoon and imposed a $71,356 penalty over insider trading. The disciplinary action highlights mounting compliance pressures on prediction platforms as regulatory scrutiny intensifies. Kalshi reported Santos to the Department of Justice in June following suspicious activity detected on his account.
