Ex-congressman George Santos banned from betting platform Kalshi for life - BBC News

The prediction market operator Kalshi says Santos made barred trades and misleading comments that influenced prices.

Image source, Getty ImagesImage caption, Former US Representative George Santos

Prediction-market operator Kalshi has permanently barred former US congressman George Santos from trading on its platform.

The company alleged that Santos, who was expelled from Congress following a series of fraud and identity-theft charges, placed bets in February related to his own attendance at US President Donald Trump's State of the Union address, according to a notice of disciplinary action.

Kalshi said its compliance team concluded his activity showed signs of insider dealing, prompting the lifetime ban. It said it was acting independently without waiting for external enforcement action.

Santos on X thanked Kalshi for the ban and said "Let's see how much longer you guys are around for".