Santos settles CFTC charges over prediction-market trades for $35K
Former Rep. George Santos agreed to pay $35,000 to settle Commodity Futures Trading Commission charges alleging manipulative activity in Kalshi prediction-market bets about his State of the Union attendance, including $17,500 in profits he will surrender and a three-year trading ban; Santos was expelled from Congress in 2023 and later had his prison sentence commuted by President Trump.