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Politicians Banned for Betting on Themselves | Bend News
Kalshi just handed former Congressman George Santos a lifetime ban after he allegedly tried to profit by manipulating prediction markets using his own statements — a move the platform calls insider trading. Santos, who already paid a fine and faced a temporary ban, responded with sarcastic social media praise. The platform also penalized three other candidates — Ben Midgley, Stephen Cloobeck, and Laurie Buckhout — for betting on their own races, with Cloobeck, a billionaire, facing a $10K bet and three-year suspension, while the others received smaller fines and suspensions for bets under…
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