Leaving a red tag on someone just because you disagree with him is very wrong.
If they are objectively spreading false information
over and over again, then it is very much right.
To be case-specific: You have to be a complete nutjob to believe the flat-Earth bullshit; they are similar to the anti-vaxxers gang (although the latter causes much more collateral damage). On the other hand, you have to be a nutjob to willingly transact with a flat-Earth believer if you don't have to.