Kalshi permanently bans ex-Rep. Santos over State of the Union trading

This action signals that prediction platforms are willing to enforce conduct rules beyond simple market integrity, targeting political figures who may have access to non-public information or influence over event outcomes. For market participants, it highlights the growing scrutiny of who trades on political events and the potential reputational risks for platforms. The open question is whether this sets a precedent for stricter identity and background checks on politically connected users, which could alter the composition of traders in high-profile markets.