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Kalshi Issues First Lifetime Ban for Republican Politician over Insider Bets

Kalshi permanently banned Santos and fined him after an investigation into his trading on event contracts.

Kalshi Issues First Lifetime Ban for Republican Politician over Insider Bets
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This article1 analysis · Sep 28, 2026
tl;dr

Kalshi suspended Laurie Buckhout for three years and permanently banned George Santos after investigations into trades on event contracts connected to their political roles. The actions highlight concerns about traders influencing events on which they wager.

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George Santos Former U.S. Representative (R-NY)
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George Santos
Former U.S. Representative (R-NY)

Former Representative permanently banned and fined by Kalshi

PRIMARY SUBJECT

House candidate sanctioned by Kalshi for trading on a contract tied to her own congressional race

Buckhout's version of this story ↗
Donald Trump
R · President of the United States

President whose speeches were the subject of event contracts traded by his teleprompter operator

Democratic incumbent mentioned in the Kalshi market for Buckhout’s race

ALSO MENTIONED  Michael Selig, CFTC chair cited on the agency’s jurisdiction over prediction markets

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Kalshi Permanently Bans George Santos
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