Kalshi has permanently banned former Representative George Santos after finding he traded contracts tied to his own attendance at the State of the Union address. In a disciplinary settlement filed Monday, the prediction market platform said Santos was fined more than $71,000. The case follows prior action by the CFTC, which accused Santos of influencing contract prices through public comments about whether he would attend. Santos previously settled with the CFTC and paid a $35,000 fine. The development highlights increasing scrutiny by platforms including Kalshi and Polymarket over potential insider trading in prediction markets.