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MAGA ex-congressman Santos banned from Kalshi for betting on himself not to attend SOTU

Posted on 9/1/26 at 8:04 am
Posted by sgallo3
Lake Charles
Member since Sep 2008
28585 posts
Posted on 9/1/26 at 8:04 am
The company announced the ban on Santos after its Compliance Department found reasonable cause to believe Santos engaged in insider trading, contributing to speculation over whether he would attend the address before turning a $17,839 profit on his trading activity when he did not.

LINK

The lifetime ban, effective last Friday, on Santos prevents him from accessing Kalshi’s platform directly or indirectly. The site also imposed a $71,356 penalty.
Posted by SallysHuman
Lady Palmetto Bug
Member since Jan 2025
25773 posts
Posted on 9/1/26 at 8:06 am to
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
100104 posts
Posted on 9/1/26 at 8:07 am to
That idiot is really pushing his luck
Posted by Prodigal Son
Member since May 2023
1999 posts
Posted on 9/1/26 at 8:13 am to
quote:

That idiot is really pushing his luck

Indeed. But he’s inadvertently exposing the corruption- and the double standard of “justice.” I’m glad he’s being punished, but it reminds me that the rest of them are getting away with it. He’s the (guilty) scapegoat. Can we get the rest of them please? Imagine how much more money we’d all have.
Posted by theunknownknight
Baton Rouge
Member since Sep 2005
61478 posts
Posted on 9/1/26 at 8:14 am to
Dude getting the hammer for 17k of insider trading. Meanwhile Pelosi…
Posted by sgallo3
Lake Charles
Member since Sep 2008
28585 posts
Posted on 9/1/26 at 8:34 am to
quote:

Dude getting the hammer for 17k of insider trading. Meanwhile Pelosi…

He's getting the hammer because its a private company he violated the terms of use for. The government certainly didn't do anything about this.
Posted by idlewatcher
Planet Arium
Member since Jan 2012
99188 posts
Posted on 9/1/26 at 8:40 am to
Honestly, Kalshi's compliance department must be legit.

Santos on the other hand must be a true idiot to place a bet on his own account.
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
38775 posts
Posted on 9/1/26 at 8:41 am to
Dayum!!!! This baw* continues to impress with his ability to find loopholes, take advantage of them and then......get burned, albeit later after the payoff
Posted by Hangover Haven
Metry
Member since Oct 2013
34940 posts
Posted on 9/1/26 at 8:56 am to
That dude is one weird mo fo...
Posted by KingOrange
Mayfair
Member since Aug 2018
13790 posts
Posted on 9/1/26 at 9:28 am to
Dude can troll. I’ll give him that.
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