business
Kalshi bans ex-Congressman George Santos for life after concluding he likely was insider trading
Summary by The San Antonio Editorial Desk Associated Press , as published by KSAT 12 (ABC affiliate)
· August 31, 2026
· 1 min read
Photo: KSAT 12 (ABC affiliate) · view original
Story provenance No corrections
Summary created by The San Antonio Editorial Desk — automated, rule-governed Byline on source page Associated Press, as published by KSAT 12 (ABC affiliate) Original story Read at the source Source published Aug 31, 2026 Indexed here Aug 31, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key points The company's compliance department found reasonable cause to believe he had engaged in improper trading. Further details about this incident are available from the platform that announced the ban.
A former U.S. congressman has been banned from an online platform. This decision was made after a review of his trading activity.
The company found that he likely had access to information that was not publicly available when he made a bet. He had discussed his plans to attend a major event, but then bet against his own attendance. This trading activity resulted in a significant profit.
The company's compliance department found reasonable cause to believe he had engaged in improper trading. Further details about this incident are available from the platform that announced the ban.
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KSAT 12 (ABC affiliate) reported and published this story. The San Antonio selected it, summarised the key facts above, and links to the original. We did not report this story and we added no reporting of our own to it.
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As published by KSAT 12 (ABC affiliate) . The San Antonio selects stories from publishers’ feeds, summarises them, and links back to the publisher that reported them. We add no reporting of our own. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KSAT 12 (ABC affiliate) . Have a tip or correction? Contact the editor .
Category: business Published: August 31, 2026 Source: KSAT 12 (ABC affiliate) Reading time: 1 min
Frequently asked about this story
What is this story about? A former U.S. congressman has been banned from an online platform. This decision was made after a review of his trading activity. The company found that he likely had access to information that was…
When was this published? This article was first published on August 31, 2026 by KSAT 12 (ABC affiliate) and curated for The San Antonio readers.
Who reported this story? This story was reported by Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The San Antonio, or browse our daily briefing and topic hubs .
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