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Santos, who won office as a Republican after inventing a bogus persona as a Wall Street dealmaker, was sentenced to seven years in prison for fraud.
NEW YORK — The online prediction market platform Kalshi said Monday that it has permanently banned former U.S. Rep. George Santos after concluding the former Republican congressman likely engaged in insider trading when he bet against his attendance at the State of the Union address.
The company announced the ban after saying its compliance department had established reasonable cause to believe Santos engaged in insider trading over his attendance at the address, when he turned a $17,839 profit on his trading activity.
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