Former expelled U.S. Rep. George Santos settled with CFTC over trades made on Kalshi about the State of the Union.
Former expelled U.S.
Rep.
George Santos settled with the Commodity Futures Trading Commission after the agency said he used trades on Kalshi to influence the outcome of a bet, generating more than $17,500 in profits.
On Friday, the CFTC said Santos engaged in manipulative trading when he traded on a bet on who would attend the State of the Union in February 2026.
He was ordered to pay $35,000 as part of the settlement, and did not admit or deny the agency's findings.
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