Author: Michael

George Santos has become the first person permanently banned from prediction market Kalshi after the company found evidence the former New York congressman engaged in insider trading tied to his own attendance at President Donald Trump’s State of the Union address. Kalshi also fined Santos $71,356, according to the company. Kalshi’s compliance department said it had “reasonable cause to believe” Santos engaged in improper trading in markets concerning his attendance at the February address. Santos placed bets on whether he would attend while publicly telling his social media followers that he planned to be there. “Hey @Kalshi thanks for the…

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