George santos is the first person banned from kalshi for life – Breaking News & Latest Updates 2026

Everything is gambling now: the latest news on prediction markets like Polymarket and Kalshi

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Posted Aug 31, 2026 at 2:43 PM UTC

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George Santos is the first person banned from Kalshi for life.

Kalshi says that in February, the former Republican congressman “placed a series of large trades in a market where the underlying contracts depended upon his own attendance” at the State of the Union. He’s now permanently banned and penalized $71,356.

In other news about everything being gambling now:

Columbia Journalism Review: Polymarket’s AI Is Feeding Users Fabricated Information
CNN: Young adults under 21 traded $5 billion on Kalshi this year, amid prediction market frenzy
New York Times: Prediction Markets Should Be Regulated as Gambling, Appeals Court Says

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Richard Lawler

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