[Kalshi Permanently Bans Former Congressman George Santos for Betting and Influencing His Own State of the Union Attendance Contract] According to The Block, prediction market platform Kalshi has issued its first permanent ban decision against former U.S. Congressman George Santos. In a disciplinary settlement notice submitted on Monday, Kalshi stated that Santos traded on a contract regarding whether he would attend the U.S. President's State of the Union address and was fined over $71,000. Previously, the CFTC accused him of influencing contract price movements by making public statements about his attendance. Santos has reached a settlement with the CFTC and paid a $35,000 fine. The report noted that platforms like Kalshi and Polymarket are increasing their efforts to regulate insider trading.