business
Kalshi bans ex-Congressman George Santos for life after concluding he likely was insider trading
Summary by The Piney Point Editorial Desk Associated Press , as published by KPRC 2 / Click2Houston (NBC)
· August 31, 2026
· 1 min read
Photo: KPRC 2 / Click2Houston (NBC) · view original
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Summary created by The Piney Point Editorial Desk — automated, rule-governed Byline on source page Associated Press, as published by KPRC 2 / Click2Houston (NBC) Original story Read at the source Source published Aug 31, 2026 Indexed here Aug 31, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key points He had made a significant profit, turning $17,839, on a specific trade. Further details about the incident and the ban are available from the online platform, which announced the decision on Monday.
A former U.S. congressman has been banned from an online platform. This decision was made after a review of his trading activity.
The company found that he likely had inside information when making a bet. He had made a significant profit, turning $17,839, on a specific trade. The trade in question involved his attendance at a major event.
Despite previously stating his intention to attend, he bet against it. The company's compliance department found reasonable cause to believe he engaged in improper trading. Further details about the incident and the ban are available from the online platform, which announced the decision on Monday.
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Category: business Published: August 31, 2026 Source: KPRC 2 / Click2Houston (NBC) Reading time: 1 min
Frequently asked about this story
What is this story about? A former U.S. congressman has been banned from an online platform. This decision was made after a review of his trading activity. The company found that he likely had inside information when making a…
When was this published? This article was first published on August 31, 2026 by KPRC 2 / Click2Houston (NBC) and curated for The Piney Point readers.
Who reported this story? This story was reported by Associated Press at KPRC 2 / Click2Houston (NBC). To learn more about how The Piney Point selects and reviews stories, see our editorial standards .
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