Trump Let Him Out of Prison, Now He's Banned for Life From Trading

Kalshi has issued former congressman George Santos its first-ever lifetime trading ban. The platform fined him more than $70,000 for manipulating a market tied to his own State of the Union attendance.

The ban lands less than a year after Trump commuted Santos's seven-year prison sentence. He walked free after serving less than three months.

A Congressman Undone by His Own Story

Santos won New York's third congressional district in 2022. Reporters then found he had fabricated his education and employment history.

He also lied about parts of his family background. Federal prosecutors later charged him with misusing campaign funds and stealing identities.

The House expelled him in December 2023. He became only the sixth member ever removed from Congress.

He pleaded guilty to wire fraud and aggravated identity theft. A judge sentenced him to 87 months in prison. Trump commuted that sentence in October, wiping out the remaining term along with fines and probation.

"George Santos was somewhat of a 'rogue,' but there are many rogues throughout our Country that aren't forced to serve seven years in prison."

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