Disgraced ex-Rep. George Santos settles probe into his State of the Union Kalshi bets for $35,000

The convicted fraudster was hit with a three-year trading ban and agreed to pay $35,000 in fines and profits made off the wagers, the Commodity Futures Trading Commission (CFTC) said of the settlement.

The agreement addresses bets Santos placed against his own plans to attend President Donald Trump’s State of the Union address

Federal regulators said the former congressman improperly profited from trades tied to President Donald Trump’s State of the Union address in February.

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.

Disgraced former Congressman George Santos has agreed to pay $35,000 to settle a federal investigation into his suspicious trades on the prediction marketplace Kalshi

George Santos agrees to $35,000 settlement in federal probe over Kalshi trades  AP News

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