Kalshi Bans George Santos for Life, Fines Him Over $71,000

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Former US Representative George Santos has received a lifetime ban from Kalshi, marking the prediction market platform's first-ever such penalty. The ban was accompanied by a fine exceeding $71,000 levied against Santos. The sanctions stem from allegations that Santos attempted to manipulate Kalshi's prediction market. Kalshi's decision represents a significant enforcement action by the platform against a high-profile user.

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