George Santos has been permanently suspended from Kalshi and ordered to pay $71,356 after the prediction market exchange concluded that he manipulated contracts tied to his own attendance at the State of the Union address.

The punishment took effect August 28 and covers trading activity from February 2 through February 25, 2026. According to Kalshi’s compliance department, Santos made several large trades on whether he would attend the event, an outcome he could personally influence.

Kalshi’s rules prohibit members from trading contracts when they have control or influence over the underlying event. The exchange said Santos also made public comments about his attendance plans while buying contracts tied to the same question, with some statements described as false or misleading.

“The Compliance Department found that Santos made these statements with the intent to manipulate the price of the Yes or No contracts that he intended to purchase,” the notice said.

The comments moved contract prices, Kalshi found. Santos ultimately earned $17,839.57 from trading in the markets covered by the disciplinary case.

Santos responded on social media, stating: “Hey @Kalshi  thanks for the lifetime ban from your gambling platform...