Former Rep. George Santos agreed to pay $35,000 to the Commodity Futures Trading Commission to settle allegations he engaged in insider trading by placing wagers on Kalshi about whether he would attend the February 2026 State of the Union address. The CFTC alleged his bets were manipulative.
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Former Congressman George Santos agreed to pay more than $35,000 to settle allegations he manipulated a wager on prediction market platform Kalshi about whether he’d attend the 2026 State of the Union.
Former Rep. George Santos (R-N.Y.) has agreed to pay $35,000 to settle with the Commodity Futures Trading Commission (CFTC) over wagers he placed on the State of the Union earlier this year on Kalshi, the agency announced Friday. Santos placed bets on whether he would attend President Trump's address in February, while also posting on...
A federal regulator fined the lawmaker $35,000 over allegations of insider trading by placing bets on Kalshi about whether he would attend the State of the Union address in February.