NewsWSVN 7 News MiamiJuly 31, 2026United States
George Santos Agrees to $35,000 Settlement Over Prediction Market Trades
Former Congressman George Santos has agreed to pay $35,000 to settle a federal investigation into his trading activity on the prediction platform Kalshi. The Commodity Futures Trading Commission (CFTC) alleges Santos profited from betting against his own attendance at President Donald Trump’s State of the Union address, though Santos maintains he did not commit any wrongdoing.
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The settlement requires Santos to pay $17,000 in disgorged profits and a $17,500 fine, while also imposing a three-year ban on his participation in prediction markets.
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