NewsWPLG Local 10August 31, 2026Miami-Dade
Kalshi bans George Santos for life and fines Laurie Buckhout over prediction market bets
The prediction market platform Kalshi has permanently banned former U.S. Representative George Santos and issued a temporary ban and fine to North Carolina congressional candidate Laurie Buckhout. The actions follow internal investigations into bets placed by the individuals on their own political activities.
Read the full story at WPLG Local 10Why It Matters
This action highlights the enforcement of internal policies regarding and conflict of interest within emerging political s.
Key Facts
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Who's Mentioned
locationNew York“Location of the reporting agency.”organizationPolymarket“Cut ties with Santos in June following federal probes.”personElisabeth Diana“Confirmed the ban was the first permanent one in company history.”personBen Midgley“Received a three-year suspension for betting on his own candidacy.”personDon Davis“Opponent of Laurie Buckhout.”personStephen Cloobeck“Received a three-year suspension for betting on his own candidacy.”organizationKalshi“Enforced a lifetime ban and financial penalties against users.”personLaurie Buckhout“Received a three-year ban and $2,589 fine for betting on her own campaign.”organizationCommodity Futures Trading Commission“Settled a federal investigation with Santos regarding the trades.”personGeorge Santos“Banned for life from Kalshi for alleged insider trading.”personDonald Trump“Granted clemency to Santos in a fraud case.”