Santos Banned from Kalshi for Insider Trading | US News

Former Congressman George Santos just got hit with a $71,356 penalty and a permanent ban from Kalshi after being accused of insider trading using non-public information. This follows an earlier June report to the DOJ and underscores growing regulatory scrutiny of prediction markets. Already expelled from Congress for fraud and with a commuted prison sentence, Santos now faces another major legal blow — a stark warning that even high-profile figures won’t escape consequences on these platforms. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/fd81602db51d8a6d