Kalshi issues lifetime ban to ex-Congressman George Santos for market manipulation

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Prediction market platform Kalshi has permanently banned former U.S. Congressman George Santos, marking the platform's first-ever lifetime ban. Santos was removed due to market manipulation, according to the company. The move is part of broader efforts by the prediction market industry to demonstrate accountability and self-regulation. Kalshi's decision signals a firm stance against misconduct as the sector seeks to build credibility with regulators and the public.

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