Sandego.net – The prediction-market industry crossed a threshold it had not previously reached when Kalshi announced on Monday that it would permanently bar former Representative George Santos from trading on its platform. The sanction marks the first lifetime ban in the company’s history and lands amid a wave of scrutiny over how candidates and political operatives exploit their informational advantages in markets that now process billions of dollars in weekly volume.
The Santos ban is not the only action Kalshi took that day. The company also suspended North Carolina congressional candidate Laurie Buckhout for three years after she admitted wagering on the outcome of her own campaign. Together, the two cases represent the most visible examples yet of what critics call political insider trading — the practice of placing bets on markets where the trader possesses non-public knowledge or can shape the very event being wagered upon.…
19 hours ago • Politics