{"id":3222,"date":"2026-08-31T16:47:49","date_gmt":"2026-08-31T16:47:49","guid":{"rendered":"https:\/\/modernhomejournals.com\/?p=3222"},"modified":"2026-08-31T16:47:49","modified_gmt":"2026-08-31T16:47:49","slug":"kalshi-hands-george-santos-its-first-lifetime-ban","status":"publish","type":"post","link":"https:\/\/modernhomejournals.com\/?p=3222","title":{"rendered":"Kalshi Hands George Santos Its First Lifetime Ban"},"content":{"rendered":"<div>\n<div>\n<\/div>\n<div>\n<p>Former Rep. George Santos received a permanent ban and a fine of more than $71,000 from the prediction market Kalshi after he placed wagers on his attendance at President Donald Trump\u2019s State of the Union address this year.<\/p><p>Read more <a href=\"https:\/\/modernhomejournals.com\/?p=3220\">Two Mystics Will Join Team USA for the FIBA World Cup<\/a><\/p><p>The disgraced congressman <span><u>publicly posted<\/u><\/span> about plans to attend the annual address in February \u2014 even asking what kind of suit he should wear in a now-deleted post. From Feb. 2 to Feb. 25, Santos began placing large bets on his own presence at the address, and by the time he posted that he was watching it from an airport TV, the New York Republican had already allegedly switched his bet.<\/p>\n<p>\u201cAs a person capable of influencing the outcome of this underlying event, Santos was prohibited from trading in this market,\u201d Kalshi wrote in a  released Monday.<\/p><p>Kalshi\u2019s Compliance Department found that Santos had profited $17,839.57 from manipulating the \u201cprice of the Yes or No contracts that he intended to purchase.\u201d<\/p>\n<section>\n<div>\n<h2>\n<span>Trending<\/span>\n<\/h2>\n<\/div>\n<div>\n<div>\n<ul>\n<li>\n<div>\n<div>\n<div>\n<div>\n\n<figure class=\"wp-block-image size-large\">\n<figure class=\"wp-block-image size-medium_large\"><img loading=\"lazy\" decoding=\"async\" alt=\"Burgum\" class=\"wp-image-3118\" height=\"506\" src=\"https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/d7b533497f5a2b88073ac38e5e25d585-768x506.jpg\" width=\"768\" srcset=\"https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/d7b533497f5a2b88073ac38e5e25d585-768x506.jpg 768w, https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/d7b533497f5a2b88073ac38e5e25d585-300x198.jpg 300w, https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/d7b533497f5a2b88073ac38e5e25d585.jpg 1024w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/figure>\n<\/figure>\n\n<\/div>\n<\/div>\n<\/div>\n<div><h3>\n<span>\n                      Trump Is Quietly Working to Give Part of Yosemite to a Private Developer\n                    <\/span>\n<\/h3><\/div>\n<\/div>\n<\/li>\n<li>\n<div>\n<div>\n<div>\n<div>\n<picture>\n<img decoding=\"async\" alt=\"Election 2026 Florida \" class=\"Image\" data-image-size=\"standardStory\" height=\"220\" loading=\"lazy\" src=\"https:\/\/static.notus.org\/dims4\/default\/6bdd904\/2147483647\/strip\/true\/crop\/2511x1674+0+0\/resize\/330x220!\/quality\/90\/?url=https%3A%2F%2Fk2-prod-aji.s3.us-east-1.amazonaws.com%2Fbrightspot%2Fe8%2F29%2F13560933433c8db5531628f6647a%2Fap26230766602771.jpg\" srcset=\"https:\/\/static.notus.org\/dims4\/default\/6bdd904\/2147483647\/strip\/true\/crop\/2511x1674+0+0\/resize\/330x220!\/quality\/90\/?url=https%3A%2F%2Fk2-prod-aji.s3.us-east-1.amazonaws.com%2Fbrightspot%2Fe8%2F29%2F13560933433c8db5531628f6647a%2Fap26230766602771.jpg 1x,https:\/\/static.notus.org\/dims4\/default\/698ae2d\/2147483647\/strip\/true\/crop\/2511x1674+0+0\/resize\/660x440!\/quality\/90\/?url=https%3A%2F%2Fk2-prod-aji.s3.us-east-1.amazonaws.com%2Fbrightspot%2Fe8%2F29%2F13560933433c8db5531628f6647a%2Fap26230766602771.jpg 2x,https:\/\/static.notus.org\/dims4\/default\/736acde\/2147483647\/strip\/true\/crop\/2511x1674+0+0\/resize\/990x660!\/quality\/90\/?url=https%3A%2F%2Fk2-prod-aji.s3.us-east-1.amazonaws.com%2Fbrightspot%2Fe8%2F29%2F13560933433c8db5531628f6647a%2Fap26230766602771.jpg 3x\" width=\"330\"\/>\n<\/picture>\n<\/div>\n<\/div>\n<\/div>\n<div><h3>\n<span>\n                      Election Officials Brace for Chaos Over Trump\u2019s Mail-in Ballot Rule\n                    <\/span>\n<\/h3><\/div>\n<\/div>\n<\/li>\n<li>\n<div>\n<div>\n<div>\n<div>\n\n<figure class=\"wp-block-image size-large\">\n<figure class=\"wp-block-image size-medium_large\"><img loading=\"lazy\" decoding=\"async\" alt=\"Administrator for the Centers for Medicare &amp; Medicaid Services Dr. Mehmet Oz speaks beside Vice President JD Vance\" class=\"wp-image-3217\" height=\"512\" src=\"https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/57e8078a4b8265d6a87ea117ceb46c03-768x512.jpg\" width=\"768\" srcset=\"https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/57e8078a4b8265d6a87ea117ceb46c03-768x512.jpg 768w, https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/57e8078a4b8265d6a87ea117ceb46c03-300x200.jpg 300w, https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/57e8078a4b8265d6a87ea117ceb46c03.jpg 1024w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/figure>\n<\/figure>\n\n<\/div>\n<\/div>\n<\/div>\n<div><h3>\n<span>\n                      The Push Toward At-Home Care Is Caught in Trump\u2019s Anti-Fraud Crusade\n                    <\/span>\n<\/h3><\/div>\n<\/div>\n<\/li>\n<li>\n<div>\n<div>\n<div>\n<div>\n\n<figure class=\"wp-block-image size-large\">\n<figure class=\"wp-block-image size-medium_large\"><img loading=\"lazy\" decoding=\"async\" alt=\"A Washington Metropolitan Police Department car is parked at the Third District headquarters near U St NW.\" class=\"wp-image-2693\" height=\"512\" src=\"https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/1558c659756bd952b49cabc8e60c0813-768x512.jpg\" width=\"768\" srcset=\"https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/1558c659756bd952b49cabc8e60c0813-768x512.jpg 768w, https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/1558c659756bd952b49cabc8e60c0813-300x200.jpg 300w, https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/1558c659756bd952b49cabc8e60c0813.jpg 1024w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/figure>\n<\/figure>\n\n<\/div>\n<\/div>\n<\/div>\n<div><h3>\n<span>\n                      D.C. Police Officer Dies After Shooting at Station\n                    <\/span>\n<\/h3><\/div>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/section>\n<p>The notice also cited Santos\u2019 lack of cooperation with Kalshi\u2019s investigation. A representative from Kalshi told NOTUS in an email that Santos \u201cevaded discussions with our compliance dept[ment].\u201d<\/p><p>Santos is the first person to receive a lifetime ban from Kalshi, The <span><u>Wall Street Journal<\/u><\/span> reported. The ban went into effect Friday.<\/p><p>The former congressman spoke out against his ban in a series of <span><u>posts on X<\/u><\/span>, calling Kalshi \u201can unserious company\u201d that \u201cviolates its own notices and deadlines.\u201d<\/p><p>\u201cOn August 7th they gave us a 30 day notice and today they leaked\/ announced once again their frivolous nonsense,\u201d Santos wrote Monday. \u201cLeaking and attention seeking seem to be the M\/O of this organization. Pathetic!\u201d<\/p>\n<p>Kalshi told NOTUS that Santos can appeal the ban and the monetary penalty against him to the Commodity Futures Trading Commission, an independent federal agency that\u2019s charged with regulating the prediction market.<\/p><p>Read more <a href=\"https:\/\/modernhomejournals.com\/?p=3219\">Two Mystics Will Join Team USA for the FIBA World Cup<\/a><\/p><p>Before this Kalshi violation in his private capacity, Santos faced a litany of financial mismanagement accusations while serving the public in Congress.<\/p><p>The House Ethics Committee found that Santos had misused campaign funds for personal expenses, deceived donors and improperly filed campaign finance reports, among other violations. Congress <span><u>voted to expel<\/u><\/span> him in December 2023.<\/p><p>Santos also pleaded guilty to federal charges of fraud and identity theft and was serving a seven-year prison sentence when President Donald Trump <span><u>commuted it<\/u><\/span> last year.<\/p><p>When Santos placed the bets in question on Kalshi in February, he had been out of federal prison for less than four months.<\/p><p>The Justice Department is also investigating whether his bets constituted insider trading, <span><u>NPR reported<\/u><\/span> in June. The Commodity Futures Trading Commission <span><u>fined Santos<\/u><\/span> $35,000 for \u201cmanipulative trading\u201d and levied a three-year trading ban on the former congressman in July.<\/p><p>Santos\u2019 disciplinary notice from Kalshi came the same day the prediction market , the Republican nominee for North Carolina\u2019s 1st Congressional District. Kalshi reported that Buckhout placed less than $1,000 worth of bets related to her campaign. Buckhout agreed to the terms of the settlement, which include a three-year suspension from the platform and fine of more than $2,500, according to Kalshi\u2019s notice.<\/p><p>The district Buckhout is running in was rated \u201cLean R\u201d by <span><u>Cook Political Report<\/u><\/span> after the state legislature <span><u>approved<\/u><\/span> a new map for U.S. congressional districts last year \u2014 making Democratic incumbent Rep. Don Davis\u2019 seat <span><u>vulnerable<\/u><\/span> to a Republican flip this November.<\/p><p>Read more <a href=\"https:\/\/modernhomejournals.com\/?p=3218\">D.C. Police Officer Dies After Shooting at Station<\/a><\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The ban and a financial penalty stem from the disgraced New York ex-congressman\u2019s bets on his attendance at this year\u2019s State of the Union.<\/p>\n","protected":false},"author":1,"featured_media":3221,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-3222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kalshi Hands George Santos Its First Lifetime Ban - Modern Home Journals<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/modernhomejournals.com\/?p=3222\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kalshi Hands George Santos Its First Lifetime Ban - Modern Home Journals\" \/>\n<meta property=\"og:description\" content=\"The ban and a financial penalty stem from the disgraced New York ex-congressman\u2019s bets on his attendance at this year\u2019s State of the Union.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/modernhomejournals.com\/?p=3222\" \/>\n<meta property=\"og:site_name\" content=\"Modern Home Journals\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-31T16:47:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/d7b533497f5a2b88073ac38e5e25d585.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=3222#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=3222\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/#\\\/schema\\\/person\\\/533de239efc09a2ab59959cc1bff86d0\"},\"headline\":\"Kalshi Hands George Santos Its First Lifetime Ban\",\"datePublished\":\"2026-08-31T16:47:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=3222\"},\"wordCount\":643,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=3222#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/modernhomejournals.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/3261810a769a2047a3b862446f0d90e6-scaled.jpg\",\"articleSection\":[\"Money\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/modernhomejournals.com\\\/?p=3222#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=3222\",\"url\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=3222\",\"name\":\"Kalshi Hands George Santos Its First Lifetime Ban - Modern Home Journals\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=3222#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=3222#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/modernhomejournals.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/3261810a769a2047a3b862446f0d90e6-scaled.jpg\",\"datePublished\":\"2026-08-31T16:47:49+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/#\\\/schema\\\/person\\\/533de239efc09a2ab59959cc1bff86d0\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=3222#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/modernhomejournals.com\\\/?p=3222\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=3222#primaryimage\",\"url\":\"https:\\\/\\\/modernhomejournals.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/3261810a769a2047a3b862446f0d90e6-scaled.jpg\",\"contentUrl\":\"https:\\\/\\\/modernhomejournals.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/3261810a769a2047a3b862446f0d90e6-scaled.jpg\",\"width\":2560,\"height\":1707,\"caption\":\"Former U.S. Rep. 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