Kalshi banned Ex-Congressman George Santos for life for allegedly manipulating wagers on his attendance at this year’s State of the Union address. Santos was also fined $71,356 by Kalshi, which announced the action after he didn’t cooperate with their probe into the case. The ban follows Santos settling a federal regulator’s probe that included fines, penalties and a three-year ban, related to claims he made material misrepresentations and omissions on social media.

For more, Bloomberg's Tim Stenovec and Kristine Aquino speak with Brian Quintenz, Kalshi Board Member and Former CFTC Commissioner