Kalshi permanently bans George Santos over State of the Union wagers

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Prediction market platform Kalshi has issued a lifetime ban against former congressman George Santos. The ban is related to betting activity connected to the State of the Union address. The disciplinary action follows by roughly two months a settlement that Santos reached with the Commodity Futures Trading Commission over related charges. The CFTC had previously brought formal charges against Santos in connection with the matter. Kalshi's move represents one of the more significant consequences Santos has faced in the prediction markets space.

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