Former Congressman George Santos agreed to a fine of more than $35,000 to settle allegations that he illegally profited from gaming a Kalshi market on his attendance at the State of the Union this year, the Commodity Futures Trading Commission (CFTC) announced Friday.
George Santos, a former Congressman, resolved a probe by the Commodity Futures Trading Commission (CFTC) by agreeing to pay a fine exceeding $35,000. The allegations against Santos involved accusations of unlawfully benefiting from manipulating a Kalshi market related to his presence at the State of the Union in the current year. Although Santos did not acknowledge any misconduct, he opted to settle the matter by accepting the fine imposed by the CFTC.
