Source: SFGate
“The online prediction market platform Kalshi said Monday that it has permanently banned former U.S. Rep. George Santos after concluding the former Republican congressman likely engaged in insider trading when he bet against his attendance at the State of the Union address. The company announced the ban after saying its compliance department had established reasonable cause to believe Santos engaged in insider trading over his attendance at the address, when he turned a $17,839 profit on his trading activity. The convicted ex-congressman had repeatedly discussed his intention to attend the State of the Union …. On the eve of Trump’s speech, Kalshi put the odds of Santos attending at close to 75%. Then, minutes into the speech, Santos posted on X that he had been waylaid at the airport. Immediately, several social media users accused him of running another scheme.” (08/31/26)