Kalshi bans George Santos for life over State of the Union bets
In Brief Posted: 11:53 AM PDT · August 31, 2026 Image Credits: Anna Moneymaker/Getty Images / Getty Images Kirsten Korosec Kalshi bans George Santos for…
Summary
In Brief Posted: 11:53 AM PDT · August 31, 2026 Image Credits: Anna Moneymaker/Getty Images / Getty Images Kirsten Korosec Kalshi bans George Santos for life over State of the Union bets Kalshi has banned former Republican Rep. George Santos from its platform for life, the first time the prediction market company has taken such an action. Kalshi also penalized and suspended several political candidates accused of betting on their own races, including Ben Midgley, who ran and lost in the Republican primary for Maine’s gubernatorial race; Laurie Buckhout, a Republican congressional nominee; and former California gubernatorial candidate Stephen Cloobeck. The Santos ban follows allegations that he bet on whether he would attend President Trump’s State of the Union address, allegedly making $17,839 on the wager.
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Risks & concerns
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