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George Santos gets first lifetime ban from Kalshi
Former Congressman George Santos was banned for life from Kalshi and fined over $70,000 due to insider trading allegations. The platform cited his lack of cooperation with compliance efforts, and Santos was also penalized for trading on contracts he was prohibited from influencing. This follows a settlement with the CFTC, after Santos made trades related to the State of the Union, reportedly profiting over $17,500.
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