A financial prediction market has permanently banned a former congressman accused of serious misconduct, citing evidence that he likely engaged in insider trading. The decision follows an internal investigation that determined his actions violated the platform’s rules against using non-public information to influence trades. The ban marks a rare enforcement action against a high-profile political figure in the industry, raising questions about oversight in financial markets. Details of the investigation and specific allegations remain under review, though the platform has made its ruling final.
Kalshi permanently bans ex-Congressman George Santos for life after concluding he likely was insider trading PBS
