The Kalshi Ban Exposes a Bigger Problem in Prediction Markets The permanent ban of former GOP Rep. George Santos from Kalshi, a prediction market platform, has shed light on the darker side of these emerging markets.
Politicians and influencers often trade on non public information to make quick profits, undermining accountability in these platforms.
Kalshi's disciplinary action against Santos includes a $71,356 fine and permanent ban, sending a clear message that trading on insider knowledge will not be tolerated.