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Ex-US Lawmaker George Santos Permanently Banned From Trading on Kalshi
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By Reuters
Published 51 minutes ago on
August 31, 2026
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George Santos, who was expelled from the U.S. House of Representatives, departs after the sentencing in his criminal corruption charges at Central Islip Federal Courthouse in Central Islip, New York, U.S., April 25, 2025. (Reuters File)

George Santos, who was expelled from the U.S. House of Representatives, departs after the sentencing in his criminal corruption charges at Central Islip Federal Courthouse in Central Islip, New York, U.S., April 25, 2025. (Reuters File)

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Prediction market startup Kalshi permanently banned former U.S. congressman George Santos from its platform on Monday and imposed a penalty of $71,356, citing insider trading activity.

The company stated in a disciplinary action that its compliance department had found reasonable cause to believe the former lawmaker engaged in illicit trading.

(Reporting by Pritam Biswas in Bengaluru; Editing by Pooja Desai)

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