Kalshi bans George Santos over shady bet

Former Rep. George Santos received a lifetime ban from Kalshi after allegedly making over $17,000 in profits by betting on his own attendance at the State of the Union address. Santos placed bets between February 2 and 25, 2026, and made nearly $18,000, despite claiming he would attend the event when he was actually watching from an airport TV due to weather. The CFTC accused him of making misrepresentations that influenced the market and barred him from prediction markets for three years. Santos has voiced defiance, and he previously settled with the CFTC over related misconduct.

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