George Santos Got Busted For Manipulating Political Betting Markets—and Seems to Have Little Remorse

The Commodity Futures Trading Commission (CFTC) announced Friday that former congressman and current legend George Santos has been fined $35,000 for attempting to place bets on his own attendance of the State of the Union in February. He’s also been banned from the prediction-market platform Kalshi for 3 years. Accordi

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.