Kalshi permanently bans George Santos after he secretly bet on himself

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Prediction market company Kalshi has issued a lifetime ban to former Republican Rep. George Santos. The platform determined that Santos manipulated contracts by secretly betting against his own unannounced plans to attend the State of the Union address. In addition to the permanent ban, Kalshi imposed a $71,356 penalty on the former representative. The company alleged that Santos placed a series of wagers specifically tied to whether he would attend the event, leading to these disciplinary actions.
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