States cite Ninth Circuit rulings, George Santos banned from Kalshi: today in prediction market news LIVE

Kalshi has permanently banned former US Rep. George Santos from its platform. This decision follows an internal investigation into trades where Santos allegedly exploited his personal ability to influence the outcomes of specific event contracts. Meanwhile, the prediction market sector continues to face various legal and regulatory developments, with Kalshi currently urging the Tenth Circuit for guidance. These actions highlight the ongoing regulatory scrutiny and the enforcement of platform rules regarding market manipulation within prediction markets.