KALSHI BANS SANTOS FOR LIFE OVER STATE OF UNION BETS

Kalshi's lifetime ban targets Santos' use of the platform to place wagers on outcomes related to the State of the Union address, violating the company's user policies. The action represents escalating consequences for the New York Republican, who has faced mounting legal and regulatory scrutiny. In May, the Commodity Futures Trading Commission settled charges against Santos, finding he had violated rules governing political event wagering. The CFTC settlement required Santos to cease trading activity on prediction markets. Kalshi, which offers regulated contracts on political and economic events, cited violations of its terms of service in announcing the permanent suspension. The platform did not disclose details regarding the specific bets placed by Santos. Santos has faced mounting scandals including campaign finance investigations, tax fraud charges, and expulsion efforts from Congress. The prediction market ban adds another restriction to his trading and financial activities.