All articles tagged with #george santos
Prediction-market operator Kalshi permanently bans former Rep. George Santos from trading on its platform after an internal review found insider-dealing in February bets tied to his attendance at Donald Trump’s State of the Union. Santos allegedly earned about $17,800 from the trades, Kalshi issued a $71,356 penalty, and referred the case to federal authorities; the move comes as regulators increase scrutiny of prediction markets.
George Santos was barred from Kalshi’s prediction-market platform after Kalshi Compliance said he placed several large bets on whether he would attend events (including the State of the Union) and made public statements intended to sway contract prices, actions tied to an ongoing federal probe that led to a $35,000 CFTC settlement. The move mirrors broader scrutiny of Santos’ trading activity in prediction markets, with Kalshi also banning two other political hopefuls for similar conduct, while Santos publicly criticized the bans on social media.
Former Rep. George Santos received Kalshi’s first-ever lifetime ban and a $71,356 fine for insider trading and attempting to manipulate prediction-market prices related to his State of the Union attendance; Kalshi froze his account after he publicly tried to influence contracts and referred the case to the CFTC, which had already fined him in a prior settlement. Santos has a lengthy legal history, including a 2023 ethics expulsion and a 2025 commutation of a prison sentence, and Kalshi has pursued enforcement actions against other politicians this year.
Former New York congressman George Santos has been banned for life from Kalshi after the platform and U.S. regulator alleged he manipulated a yes/no contract about his attendance at the State of the Union, publicly signaling to influence prices and earning roughly $18,000 on the trades; Kalshi also fined him over $71,000 and cited a lack of cooperation, with the CFTC having previously sanctioned him. Santos reacted on X with a jab about the ban, highlighting ongoing scrutiny of insider manipulation on prediction markets.
Kalshi issued its first-ever lifetime ban on former Rep. George Santos after finding he profited about $17.8K by betting on whether he would attend the State of the Union, while allegedly misrepresenting information that influenced the market; he faces roughly $71,356 in penalties for non-cooperation, and the CFTC banned him from prediction markets for three years, with an appeal option available.
Kalshi permanently barred former New York congressman George Santos and fined him $71,356 after finding evidence of insider trading related to bets on whether he would attend the State of the Union; this marks the platform’s first such ban.
Kalshi permanently banned former Rep. George Santos and fined him about $71,356 for trading on his own attendance at this year’s State of the Union address, allegedly trying to influence Yes/No contracts with public statements and violating the platform’s non-public information rules. The action follows a prior CFTC penalty and Santos’s expulsion from Congress; Kalshi also settled penalties with three other candidates for similar trades.
Federal regulators fined former Rep. George Santos more than $35,000 and banned him from Kalshi for three years after finding he profited from trades tied to President Trump’s State of the Union address; Santos placed bets on whether he would attend the speech and later said he would miss it, prompting the CFTC investigation and settlement that resolved the allegations without admitting wrongdoing.
Them previews the fifth season of Special Forces: World’s Toughest Test, headlined by Ruby Rose and Candace Cameron Bure with George Santos among a controversial lineup. The Malaysia jungle-set competition promises brutal tasks, and the piece highlights Santos’s public controversies as part of the show’s reality TV collage.
Former congressman George Santos will compete on Fox's reality series Special Forces: World's Toughest Test, joining 14 other recruits for its fifth season, which premieres September 24.
Fox's Special Forces: World's Toughest Test returns for Season 5 with Candace Cameron Bure, Ruby Rose and George Santos among 15 recruits sent to Malaysia's jungle for brutal challenges (underground bunker searches, high‑suspension load retrieves, chemical gas tests) as part of a diverse cast including Oliver Hudson, David Charvet, Brandi Glanville and the Umansky family; the season premieres September 24 at 9 p.m.
Lawmakers across Congress clash over big-ticket policy bets—from Democratic attempts to block Trump’s arch and govern a broad AI framework to GOP battles over an immigration bill and its controversial fund—while Homeland Security flags counter-drone needs ahead of the World Cup and other headlines follow Santos’ DOJ talks and tax-audit immunity questions.
George Santos says his lawyers are talking to the DOJ after reports the agency may be examining bets on a prediction-market platform; Kalshi reportedly turned information over to regulators. The live updates also cover a partisan clash over Trump’s proposed Triumphal Arch in an appropriations bill, DHS testimony on counter-drone efforts ahead of the World Cup, and ongoing bipartisan talks to craft a federal AI regulatory framework, among other Capitol Hill developments.
An AP source says former Rep. George Santos reported to prosecutors over suspicious Kalshi trades, a development in a case already marked by his fraud and identity-theft conviction and sentence.
Democrats who backed expelling George Santos regret the move after Cherfilus-McCormick’s resignation amid ethics findings, arguing the process lacked due process and could influence future cases—such as calls to expel Cory Mills while under Ethics Committee review—raising broader concerns about accountability standards in Congress.