loading
loading
Kalshi is conducting ongoing investigations into other political figures who may have conducted insider trading after suspending four yesterday, a person familiar with the probes told Semafor. The prediction market said it would ban former Rep. George Santos, R-N.Y., for life — a Kalshi first — after he used it to cash in on skipping the State of the Union. It also temporarily suspended Laurie Buckhout, a North Carolina Republican vying to unseat a moderate House Democrat, as well as Stephen Cloobeck and Ben Midgley, former gubernatorial candidates in California and Maine, respectively. All four were fined between $2,500 and $71,000. Rival Polymarket is prepared to take similar action, an official said, as the CFTC orchestrates its own crackdown. Donald Trump Jr.’s investment fund, 1789, is reportedly investing another $300 million in Polymarket for a total of $500 million.
document fetched 2026-09-02 06:32 · canonical https://semafor.com/article/09/01/2026/more-kalshi-politician-bans-could-be-coming