PANews
PANews|Aug 01, 2026 01:02
[Former Congressman George Santos Agrees to Pay $35,000 to Settle with CFTC Over Kalshi Prediction Platform Suspicious Trading Investigation] According to NBC News, former Congressman George Santos has agreed to pay $35,000 to settle a federal investigation into suspicious trading on the Kalshi prediction platform. Previously, he had placed a bet that he would not attend President Donald Trump's State of the Union address. The U.S. Commodity Futures Trading Commission (CFTC) stated that the settlement includes over $17,000 in profits George Santos made from illegal trading, as well as a $17,500 fine. The agency also imposed a three-year trading ban on Santos. George Santos stated that reaching a settlement with the CFTC was to "completely resolve the matter" and added that he did not admit to any wrongdoing.
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