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๐Ÿ‡บ๐Ÿ‡ธ United States /Crime & Justice

Kalshi bans George Santos for life

From CBS News · () English

Summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Under investigation
  • Kalshi is permanently banning former New York Republican Rep. George Santos from its prediction market.
  • The company had been investigating allegations that Santos engaged in insider trading through a bet on whether he would attend this yearโ€™s State of the Union address.

Prediction market Kalshi is banning former Republican Rep. George Santos for life while investigating allegations that he engaged in insider trading.

The allegations involve a bet on Santosโ€™s attendance at this yearโ€™s State of the Union address. Santos represented New York in Congress before leaving office.

NOTUS political reporter Kadia Goba and Puck Capitol Hill correspondent Marianna Sotomayor joined CBS News to discuss the ban and the investigation.

About this summary

Originally published by CBS News. Summarized and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.