Kalshi bans former congressman George Santos for life after State of the Union trades

Kalshi, a prediction market site, has banned former congressman George Santos permanently after allegations of insider trading emerged during the State of the Union. This move comes amid growing concerns from election integrity experts about the potential misuse of prediction markets to manipulate the midterm elections. The ban underscores the platform's commitment to maintaining fair trading practices and highlights the broader implications for democratic processes if such markets are exploited for personal gain.