Kalshi permanently bans George Santos from trading and imposes $71,356 fine over State of the Union bets

Kalshi permanently banned former U.S. Representative George Santos from trading, according to multiple reports ^{[1] [2]}.

Reported sanctions include a $71,356 penalty tied to Santos trading on contracts related to his own attendance at the State of the Union address, along with the lifetime ban on future access to the platform ^[2].

One report said the exchange described Santos as holding large positions while posting public claims intended to influence contract valuations, and it also stated that Santos received additional CFTC sanctions requiring payments of over $35,000 and a three-year exclusion ^[1].

Bitcoin.com News reported that Santos responded to the lifetime ban by disputing it, framing Kalshi as an “unsereious company” in his reply ^[3].

MoneyCheck also reported that Kalshi imposed a permanent trading ban on Santos over alleged market manipulation related to prediction market activity ^[4].