Kalshi Bans George Santos for Life

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“Kalshi said on Monday that it would ban former Republican Rep. George Santos from using its platform for life after a federal regulator alleged that the ex-congressman made more than $17,000 by placing bets on his attendance at President Trump’s State of the Union address,” the Wall Street Journal reports.“In addition to the ban, Kalshi said its compliance department had imposed a penalty of $71,356, according to a filing on its website. It marks the first time the company has issued a lifetime ban.”