‘An Unserious Company’: Santos Fires Back at Kalshi Lifetime Ban

Kalshi issued its first permanent ban on Monday, barring former U.S. Rep. George Santos and fining him $71,356 over trades on his own State of the Union attendance. The exchange cited his failure to cooperate with its investigation – a finding its own notice never substantiates, and one the CFTC contradicted in July. Disagreements and […]
Key Takeaways
- Kalshi issued its first permanent ban on Monday, barring former U.S.
- George Santos and fining him $71,356 over trades on his own State of the Union attendance.
- The exchange cited his failure to cooperate with its investigation – a finding its own notice never substantiates, and one the CFTC contradicted in July.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation

Ark Invest buys $37 million worth of shares in Jack Dorsey’s Block Inc
Last month, Ark had purchased a bulk of Block shares after its second-quarter results that raised its full-year profit forecast to $12.5 billion

BlackRock drives $217M Bitcoin ETF rebound as altcoin funds continue streaks
Ether ETFs extended their inflow streak to 11 trading sessions, while XRP and Solana funds each logged a 10th consecutive positive session.
SEC Approves Revised Bitcoin ETF Framework for Retail Investors
The U.S. Securities and Exchange Commission has approved a revised framework allowing more Bitcoin ETF products aimed at retail investors. The update standardises disclosure and custody requirements across issuers, and is expected to broaden institutional…