George Santos Pete Roses himself out of Kalshi

Evidently, George Santos is too low for Kalshi.

Kalshi gave the already convicted fraudster its first-ever lifetime ban! Santos bet on himself, then allegedly tried to manipulate the market by lying about whether he'd show up to Trump's State of the Union.

Kalshi's enforcement team flagged the trades, froze Santos' account, and referred the case to the Commodity Futures Trading Commission, the federal agency that oversees prediction markets. This summer, he settled with the CFTC for $35,000 over these suspicious trades; a little over $17,500 was returning the profit he made, with an additional $17,500 fine. At the time, his lawyer issued a statement stressing that Santos settled to "put this matter behind him" and that he had done so "without admitting the Commission's allegations, findings or conclusions."

Through his legal representative, Santos declined to comment to WIRED. However, on social media, he already weighed in, sarcastically thanking Kalshi "for the lifetime ban from your gambling platform," adding, "Let's see how much longer you guys are around for 💋," a nod to the prediction market's ongoing battles with state authorities over how it is regulated.

Once upon a time, Santos had a rosier relationship with the industry; he was once paid for promoting Kalshi's rival Polymarket, but Polymarket severed ties with him once federal regulators began looking into his behavior around February's State of the Union.Wired

Never bet on George Santos, especially if you're George Santos.

Previously:
• Watch the moment George Santos' name plate is removed from his former office door
• Republican congressman George Santos arrested and taken into custody
• Trump commutes fellow fraudster George Santos's sentence
• George Santos's treasurer seems to be imaginary