Prediction markets are cracking down hard on manipulation, starting with George Santos—now permanently banned and fined $70K by Kalshi for allegedly betting against his own appearance at Trump’s State of the Union and then publicly influencing the outcome. The CFTC also slapped a former White House teleprompter, Gabriel Perez, with a $170K fine and 3-year ban for betting on Trump’s speech words—though his cooperation lightened the penalty. Santos’ prior fraud conviction and uncooperative stance sealed his permanent ban, while others face temporary bans after cooperating. Meanwhile, Polymarket is ramping up defenses ahead of midterms using AI and blockchain analytics to detect fraud, referring over 100 cases to authorities. These platforms are sending a clear message: integrity is non-negotiable in political prediction markets.
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