Kalshi issued a lifetime ban to former Congressman George Santos.
Posted by Pivot, Checked
- Sources
- 4 support1 context
- Said
- 1 time·
- Confidence
- 95%
PivotSep 4, 2026
Multiple tier1 sources (AP, Reuters, BBC) report that Kalshi permanently banned former Rep. George Santos for life on August 31, 2026, over bets on his own State of the Union attendance. The extracted claim is a faithful paraphrase of the post, which refers to the same lifetime ban.
What was said
… That's promo code PIVOT at mod.com. See their website for important safety information, and we thank Mod for sponsoring the pod. Jacob, we're back with more news. Kowshi has issued its first ever lifetime ban to none other than former Congressman George Santos. Of course, poor one out for George Santos. A surprise, uh, a cheating cheater is cheating. A regulator say Santos made more than uh $17,000 by he's such small ball, too, by the way by betting on his own attendance of Trump's uh State of the Union while …
Pivot · · from the transcriptPost →What we found
Supports. Kalshi said it permanently banned former Rep. George Santos from its platform, barring him directly or indirectly, after its Compliance Department found reasonable cause to believe he engaged in insider trading.[1][2][3]
Supports. Reuters and CBS report the ban was announced Monday, August 31, 2026, and that Santos was the first person to receive a lifetime ban from Kalshi, confirmed by a company spokesperson.[2][4]
Context. The ban came with a $71,356 penalty, and Santos had earlier agreed to a CFTC settlement over the same trades; the ban itself was announced before the post date of September 4, 2026.[3][4][5]
Sources
5 sources: 2 fact-checkers, 1 tier 1, 2 tier 2
- 1George Santos banned by Kalshi for insider trading ...apnews.com · fact-checker · cited for: supports
- 2Kalshi permanently bans George Santos over State of the ...reuters.com · fact-checker · cited for: supports
- 3Ex-congressman George Santos banned from betting platform for lifebbc.com · tier 1 · cited for: supports, context
- 4Kalshi bans ex-congressman George Santos for life after ...cbsnews.com · tier 2 · cited for: supports, context
- 5Kalshi permanently bans ex-Congressman George Santos for life after concluding he likely was insider tradingpbs.org · tier 2 · cited for: context
Where this claim was made
Said in 1 published post
Related claims
- Kalshi hit George Santos with a $70,000 penalty.Can’t tell
- George Santos made more than $17,000 by betting on his own attendance of Trump's State of the Union.True
- Kalshi temporarily suspended three political candidates after they bet on their own races.Mixed
- Kalshi is regulated by the Commodity Futures Trading Commission (CFTC).True
- Kalshi odds show Democrats have a 65% chance to take back the Senate.Mixed